An undersea pipeline from Oman to Gujarat being explored; India-Kazakhstan and India-Venezuela to deepen cooperation in the oil and gas sector
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    • Reports noted that India and Oman were exploring the possibility of an undersea gas pipeline from Oman as part of the sub-Arabian Sea Project. The project involved linking Ras Al Jifan in Oman to Gujarat. South Asia Gas Enterprise, an engineering and construction firm estimates that the project would cost between $2.1-$3.4 billion. The firm was holding ‘high-level’ talks with state and private companies in India to further explore the feasibility of such a venture1.

    India and Kazakhstan are set to deepen their cooperation in the oil and gas field. The agreement was reached between President of Kazakhstan Nursultan nazarbayev and Vice-President Hamid Ansari during a meeting in Astana on April 82.

    India is also set to have closer oil and gas cooperation with Venezuela. The Venezuelan Oil and Energy Minister Rafael Ramirez told reporters that the two countries have signed a five year, $400 million joint venture to drill oil and gas in Venezuela’s oil-rich Orinoco region3.

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