India is caught in the middle between the US and the Eurasian axis of China, Russia, and Iran. From Tom Luongo at tomluongo.me:
he carnage for following President Trump’s lead on ending the JCPOA continues for India.
From SputnikNews last week comes this note about the Farzad-B oil and gas field and Iran.
Close on the heels of breaking the Chabahar-Zahedan rail project agreement, Iran appears set to deny India’s state-run ONGC Videsh Limited (OVL), exploration and production rights for the key Farzad B gas field.
The granting of rights to OVL was already delayed with New Delhi moving slowly on the issue, but came to a complete standstill after the 2018 imposition of US sanctions on Tehran.
Turkish news agency Anadolu Agency quoted India’s External Affairs Ministry (EAM) as saying on Thursday Tehran would develop the Farzad-B gas field in the Persian Gulf region “on its own” and might engage India “appropriately at a later stage”.
Translation: “Stop stalling for Trump’s sake and make good on your promises or the project goes to China.”
Because that’s where this leads in light of the announced mega-deal between Iran and China worth a reported $400 billion.
I wrote last week I thought India has lost its way on the New Silk Road. Losing the contract to build the railway it pushed for to bypass Pakistan and assert independence from China’s OBOR plans should have been a clear enough signal.
But apparently it wasn’t.