Oil pumped from India's first deep-water well

By
September 21, 2008 17:08

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

India's Reliance Industries Ltd. and its Canadian partner Niko Resources Ltd. have begun pumping oil from the deep waters of the Bay of Bengal, which will expand Indian production of oil and gas by 40 percent within 18 months, Reliance officials said Sunday. "This is India's major victory in the battle for energy security," said Reliance Chairman Mukesh Ambani. Reliance officials said block D6 of the Krishna Godavari basin, which covers 7,645 square kilometers off India's eastern coast in the Bay of Bengal, holds 2.5 billion barrels of oil equivalent, 80 percent to 85 percent of it natural gas. India, the world's fifth largest energy consumer, imports about three-quarters of its oil at an estimated cost of US$77 billion this year.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

September 19, 2018
U.S. seeking to negotiate a new treaty with Iran

By REUTERS