Why India is exploring oil and gas in Israeli Waters??
In this video, we will discuss Indian relationship with both Israel and Iran are important.
Reference -
https://timesofindia.indiatimes.com/business/indian-oil-cos-to-drop-anchor-in-israeli-waters-as-iran-deal-hangs-fire/articleshow/62272531.cms
https://www.israelnationalnews.com/News/News.aspx/239949
http://www.thehindu.com/news/national/israel-takes-indias-vote-in-its-stride/article22288341.ece
https://sputniknews.com/analysis/201712281060384122-india-to-explore-israel-oi-field/
https://www.reuters.com/article/india-oil/indias-nov-iran-oil-imports-skid-to-lowest-since-feb-2016-trade-data-idUSL3N1OD4HM
http://westoverreview.com/tag/india-russia-swaraj/
http://www.tolonews.com/business/2nd-air-cargo-route-launched-india%E2%80%99s-mumbai-city
Transcript -
Hello Friends, welcome to Real Quick Info channel. Lets discuss about today's topic.
As we were expecting, using right diplomatic channels, Israel has protested to government of India over support of recent UN resolution against American declaration of Jerusalem as the capital of Israel.
Needless to say, to some extent, Indian vote has become irritant in the cordial atmosphere just before the Indian visit of Israeli prime minister.
Hopefully, India and Israel would be able to manage these differences. No doubt, upcoming top level engagement will provide us an opportunity to heal the bond of friendship.
Very significantly, Indian prime minister Modi is expected to visit Palestine sometime next year. Surely Indian UN vote is an attempt to strike a balance in ties between Israel and Palestine.
Foreign policy is all about walking on the tight rope. Having said that, Please expect one day India will have to pay the price for this balancing act.
While India remained supportive of two state solution, India and Israel friendship has blossomed.
Now that India and Israel have deeper friendship, it should not mean that we need to necessarily change our long diplomatic stand.
We would like to assume, Israel and India continue to focus on deepening the bilateral relationship.
In this background, you might know, Israel has granted the preliminary approval for drilling and exploration in one oil and gas block, to consortium of Indian oil companies in Israel’s Mediterranean waters.
To know more about this, please watch this video.
Out of 24 blocks put on auction in this year, bids have been accepted for only 6 blocks.
Next year, there will be another round of bidding for rest 18 blocks.
Consortium of Indian oil companies is set to be registered as foreign company in Israel to felicitate its participation in next round of bidding.
This decision confirms India is willing to build long term relationship with Israel in oil and gas area.
Gas from these Israeli blocks could be sold to European countries and Egypt, or can be consumed in local Israeli market, or can be transported to India through Suez Canal.
We should rather carefully consider how this India and Israel oil and gas collaboration can impact India and Iran relationship.
In the backdrop of Iran deciding to award development right for its huge Farzad B gas field to Russian rivals instead of an Indian consortium, that discovered the field . Indian crude oil import from Iran is decreasing.
Sadly, Multiple layers of negotiation and delayed decision making has killed the opportunity for India and Iran to develop closer relationship.
On the other hand, India has started importing crude oil from America. Thanks to the largest Russian investment in India of 13 Billion Dollars in the oil sector between Rosneft and Essar. Russian crude oil import to India is also growing.
But India needs friendship with Iran as well. Iran is vital for Indian long term strategy. We all know for India Afghanistan air corridor, we rely on Iranian air space.
recently, In addition to Kabul New Delhi air corridor, second air corridor in between Kabul and Mumbai has also been inaugurated.
We all know, Cha bahar port has recently been inaugurated to provide sea and land connectivity to Afghanistan. the future of India Afghanistan commercial relationship is very much dependent on relationship in between India and Iran.
Needless to say, cordial relationship with Iran is required to realize the full potential of International north south corridor as well.
Given very hostile relationship in between Israel and Iran, Indian oil and gas exploration in Israel can also be seen as message to Iran.
The point we are trying to high light is, we are playing very complex game.
Where in we are continuously balancing our bilateral relationship. In all such engagement, our choices should be driven only by national interests.
In the end, we are not playing a zero sum game here. We need to manage our relationship with Israel and Iran in such a manner that India can continue on the path of progress.
In the end, thriving Indian economy will be beneficial to both Iran and Israel.
Moreover, the real test of any friendship is to know how to manage the differences well, and find common ground to proceed forward.
With this hope, we expect very fruitful Indian visit of Israeli Prime minister.
As per your views, do you see India and Iran relationship is getting impacted due to closer relationship in oil and gas area in between India and Israel?
Please let us know your views in comment section below.
Please find the reference links of this video in the description box below. Thank you friends
Tags
India wins bid for oil and gas blocks in Israel,Indian bid for Israel's offshore oil and gas blocks,India and Israel collaboration in oil and gas sector,Indian Oil and Gas exploration in Israel,Result of Indian bid for Israels offshore oil and gas blocks,India importing oil from Israel,India gets oil and gas blocks in Israel,India,Israel,Oil and gas bid, Chabahar port, India Iran relationship, India Afghanistan Air corridor,India oil import from Iran
As we were expecting, using right diplomatic channels, Israel has protested to government of India over support of recent UN resolution against American declaration of Jerusalem as the capital of Israel.
Needless to say, to some extent, Indian vote has become irritant in the cordial atmosphere just before the Indian visit of Israeli prime minister.
Hopefully, India and Israel would be able to manage these differences. No doubt, upcoming top level engagement will provide us an opportunity to heal the bond of friendship.
Very significantly, Indian prime minister Modi is expected to visit Palestine sometime next year. Surely Indian UN vote is an attempt to strike a balance in ties between Israel and Palestine.
Foreign policy is all about walking on the tight rope. Having said that, Please expect one day India will have to pay the price for this balancing act.
While India remained supportive of two state solution, India and Israel friendship has blossomed.
Now that India and Israel have deeper friendship, it should not mean that we need to necessarily change our long diplomatic stand.
We would like to assume, Israel and India continue to focus on deepening the bilateral relationship.
In this background, you might know, Israel has granted the preliminary approval for drilling and exploration in one oil and gas block, to consortium of Indian oil companies in Israel’s Mediterranean waters.
To know more about this, please watch this video.
Out of 24 blocks put on auction in this year, bids have been accepted for only 6 blocks.
Next year, there will be another round of bidding for rest 18 blocks.
Consortium of Indian oil companies is set to be registered as foreign company in Israel to felicitate its participation in next round of bidding.
This decision confirms India is willing to build long term relationship with Israel in oil and gas area.
Gas from these Israeli blocks could be sold to European countries and Egypt, or can be consumed in local Israeli market, or can be transported to India through Suez Canal.
We should rather carefully consider how this India and Israel oil and gas collaboration can impact India and Iran relationship.
In the backdrop of Iran deciding to award development right for its huge Farzad B gas field to Russian rivals instead of an Indian consortium, that discovered the field . Indian crude oil import from Iran is decreasing.
Sadly, Multiple layers of negotiation and delayed decision making has killed the opportunity for India and Iran to develop closer relationship.
On the other hand, India has started importing crude oil from America. Thanks to the largest Russian investment in India of 13 Billion Dollars in the oil sector between Rosneft and Essar. Russian crude oil import to India is also growing.
But India needs friendship with Iran as well. Iran is vital for Indian long term strategy. We all know for India Afghanistan air corridor, we rely on Iranian air space.
recently, In addition to Kabul New Delhi air corridor, second air corridor in between Kabul and Mumbai has also been inaugurated.
We all know, Cha bahar port has recently been inaugurated to provide sea and land connectivity to Afghanistan. the future of India Afghanistan commercial relationship is very much dependent on relationship in between India and Iran.
Needless to say, cordial relationship with Iran is required to realize the full potential of International north south corridor as well.
Given very hostile relationship in between Israel and Iran, Indian oil and gas exploration in Israel can also be seen as message to Iran.
The point we are trying to high light is, we are playing very complex game.
Where in we are continuously balancing our bilateral relationship. In all such engagement, our choices should be driven only by national interests.
In the end, we are not playing a zero sum game here. We need to manage our relationship with Israel and Iran in such a manner that India can continue on the path of progress.
In the end, thriving Indian economy will be beneficial to both Iran and Israel.
Moreover, the real test of any friendship is to know how to manage the differences well, and find common ground to proceed forward.
With this hope, we expect very fruitful Indian visit of Israeli Prime minister.
As per your views, do you see India and Iran relationship is getting impacted due to closer relationship in oil and gas area in between India and Israel?
Please let us know your views in comment section below.
Please find the reference links of this video in the description box below. Thank you friends
Tags
India wins bid for oil and gas blocks in Israel,Indian bid for Israel's offshore oil and gas blocks,India and Israel collaboration in oil and gas sector,Indian Oil and Gas exploration in Israel,Result of Indian bid for Israels offshore oil and gas blocks,India importing oil from Israel,India gets oil and gas blocks in Israel,India,Israel,Oil and gas bid, Chabahar port, India Iran relationship, India Afghanistan Air corridor,India oil import from Iran
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