From Ammar ZaidiTehran, May 23 (PTI) India and Iran today asked all states to "explicitly reject" the use of terrorism against other countries while seeking an immediate end to all support and sanctuaries being provided to terror groups. India fully supported the accession of Iran to the World Trade Organization, the statement said. The Indian side thanked the Iranian government for Indias ongoing participation and investment in the development of oil and gas sector in Iran. India and Iran also decided to step up their economic engagement as they agreed that development rights for the Farzad-B offshore gas field in the Persian Gulf will be awarded to ONGC Videsh Ltd by third quarter. The discovery was later named Farzad-B but Iran is yet to award developmental rights of the field which is four-times the size of Reliance Industries KG-D6 field.

Source: India Today May 23, 2016 11:33 UTC