India pays for nuke relationship with US, Iran opts for China to develop Azadegan oilfield
Sanjeev Malhotra
Oct. 10, 2009
Iran not only opted for China for the development of the South Azadegan oilfield, but also heavily reduced India’s share in the Phase-12 of the South Pars gas field in the Persian Gulf.
That is a serious blow for India's quest for petro-carbon in the world.
Minister Murli Deora has announced his intention to meet Iranian leaders in Beijing during the Shanghai Cooperation Organisation (SCO) meeting on October 13. Mr. Deora is leading the Indian delegation.
International think tanks pointed out, it is too late. China again defeated India in diplomacy and tactics for grabing international resource for petro-carbons.
Both Iran and Pakistan have already gone ahead with the agreement and Iran has indicated that if India does not respond soon, it could opt for China as the third partner.
In the last few weeks, Iran gave the 260,000 barrels a day South Azadegan oilfield along the Iraqi border to China’s CNPC. It has now given one-third out of the promised 60 per cent stake in $7.5 billion South Pars-12 to Angola’s state-owned oil firm Sonangol.
Source:-
http://www.indiadaily.com/editorial/20975.asp
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