India to get TAPI gas by 2017, Sudan offers 2 oil blocks


The framework for the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project is being readied on a fast-track basis by the four stakeholder nations, Indian Petroleum Minister M. Veerappa Moily said Tuesday.

“Apart from agas, this TAPI pipeline would usher in peace among the nations as well. The gas is expected to reach the border of India by August 2017,” Moily said at the Petrotech 2014 international oil and gas conference here.

The transactional advisor for the project has been appointed and the sale purchase agreement drawn up as well, the minister added.

Moily held a series of bilateral meetings at the conference with delegations of Ecuador, Uganda, Sudan,and Azerbaijan to explore the possibilities for cooperation in areas like exploration, petrochemicals and training for oil and gas personnel.

A joint Indian-Ugandan working team is under formation to look into opportunities for cooperation in the newly-opened up Ugandan hydrocarbon sector, he said. Read More

Source: http://www.business-standard.com/

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Categorised in: Oil & Gas, Sector News

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