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India proposes new oil deal with Israel

India proposes new oil deal with Israel

Mumbai: The Indian Government has approached Israel with a proposal for use of the country's 254-kilometer long Eilot-Ashqelon pipeline to receive crude oil from the Central Asia and Caspian Sea region that could then be shipped to India in very large crude carriers (vlccs). The oil, sourced from the Caspian region, would reach the Mediterranean Sea by the 1,764-kilometer Baku (Azerbaijan)- Tblisi (Georgia)-Ceyhan (Turkey) pipeline where it would be pumped into Eilot-Ashqelon pipeline. India is eager to gain use of the pipeline that would provide an alternative to vlccs, which must navigate around Africa, as they are too big to pass through the Suez Canal.  [09/11/06]


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