NEW DELHI/JERUSALEM: Indian state-run Oil and Natural Gas Corp. (ONGC) plans to bid for Israeli offshore oil-and-gas exploration blocks, India’s oil minister told Reuters, the first major deal between the two countries since a groundbreaking trip by Prime Minister Narendra Modi in July.
India and Israel have deep defense ties but Modi and his right wing ruling group are pushing to expand the relationship into other sectors such as energy and technology with a country they see as a natural ally against terrorism.
A high-ranking delegation from India, the world’s third-biggest oil consumer, visited Israel last month to discuss taking part in the tender for blocks in the Mediterranean Sea and Israeli officials said they were pleased with the visit.
“We will definitely bid for Israel’s oil-and-gas blocks,” Indian Oil Minister Dharmendra Pradhan told Reuters.
There was no immediate comment from Israel’s Energy Ministry.
When Modi visited Israel in July, both sides showed interest to build a broader economic relationship, rather than one based on defense, which had drawn them together because of similar concerns about militant threats they face. They are starting from a relatively low economic base as bilateral trade was just $2 billion in 2016.
Many oil majors have been hesitant to enter the Israeli market, fearing a backlash from oil-rich Arab states hostile to the country.
Israel put 24 exploration blocks up for auction in November 2016 and the country’s Energy Minister Yuval Steinitz has said he would be happy to choose two or three foreign explorations groups. The auction closes on Nov 15.
India is conducting a technical and commercial analysis to participate in Israel’s bidding process, said Sanjay Sudhir, a joint secretary in the federal Oil Ministry, who led the delegation.
“We dove into all the relevant details of the tender — geological, technical — and familiarised them with Israel’s oil and gas ecosystem,” an official at Israel’s Energy Ministry said on the Indian team’s visit, declining to be identified in the absence of permission to speak to the media.
Israel wants to open up its hydrocarbon sector, which is currently dominated by a partnership of Noble Energy and Delek Group. They control the Tamar and the much larger Leviathan fields.
India also wants to participate in the upcoming auction to explore and develop gas fields off the coast of Lebanon, Pradhan said in July. Three of those blocks border waters with Israel, with which Lebanon has a long-standing maritime border dispute.
ONGC is India’s biggest energy exploration firm and a source at its overseas investment arm ONGC Videsh said the firm would not bid for any block in areas disputed by Israel and Lebanon.
“Israel has said that none of the blocks it has offered are in disputed waters,” said the source.
Another state-run explorer, Oil India Ltd, has not yet decided to bid in Israel’s licensing round, the Indian company’s chairman, Utpal Bora, told Reuters.
India’s decision to bid for blocks off Israel and Lebanon comes after a setback in getting development rights for a giant gas field in Iran.
Indian companies discovered the Farzad B gas field in Iran in 2008 and have bid several times for the development rights, but media reports suggest that Tehran has decided to award the field to Russia’s Gazprom.
India to bid for Israel oil-and-gas exploration blocks
India to bid for Israel oil-and-gas exploration blocks
US launches new retaliatory strikes against Daesh in Syria after deadly ambush
- CENTCOM said operation ordered by President Donald Trump
- Launched in response to the deadly Dec. 13 Daesh attack in Palmyra
WASHINGTON: The US has launched another round of retaliatory strikes against the Daesh in Syria following last month’s ambush that killed two US soldiers and one American civilian interpreter in the country.
The large-scale strikes, conducted by the US alongside partner forces, occurred around 12:30 p.m. ET, according to US Central Command. The strikes hit multiple Daesh targets across Syria.
Saturday’s strikes are part of a broader operation that is part of President Donald Trump’s response to the deadly Daesh attack that killed Sgt. Edgar Brian Torres-Tovar, Sgt. William Nathaniel Howard, and Ayad Mansoor Sakat, the civilian interpreter, in Palmyra last month.
“Our message remains strong: if you harm our warfighters, we will find you and kill you anywhere in the world, no matter how hard you try to evade justice,” US Central Command said in a statement Saturday.
A day earlier, Syrian officials said their security forces had arrested the military leader of Daesh’s operations in the Levant.
The US military said Saturday’s strikes were carried out alongside partner forces without specifying which forces had taken part.
The Trump administration is calling the response to the Palmyra attacks Operation Hawkeye Strike. Both Torres-Tovar and Howard were members of the Iowa National Guard.
It launched Dec. 19 with another large-scale strike that hit 70 targets across central Syria that had Daesh infrastructure and weapons.
The Kurdish-led Syrian Democratic Forces has for years been the US’s main partner in the fight against Daesh in Syria, but since the ouster of former Syrian President Bashar Assad in December 2024, Washington has increasingly been coordinating with the central government in Damascus.
Syria recently joined the global coalition against Daesh.
