Turkey offers India oil through BTC and Israel pipelines

Feb 15, 2008 01:00 AM

Turkish Foreign Minister Ali Babacan, in an official visit to New Delhi, has offered India a new source of oil that would take no major construction investment and help it diversify from Persian Gulf reliance.
Babacan, in the first Turkish foreign minister visit in three decades, offered to send Kazakh, Azeri and possibly Georgia oil from Turkey's Mediterranean Sea port in Ceyhan. From there it will be super tankered to the Ashkelon-Eilat pipeline in Israel, picked up by supertanker in Eilat and taken to India.

"According to our calculations, this will give India a unique opportunity to access Central Asian oil, and will be quicker and, according to our energy experts, even cheaper," Babacan told.
India is in search of more energy supplies as its economy booms and wants to diversify from its main sources -- Saudi Arabia, Iran, Iraq and Dubai.

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