Tuesday, May 19, 2009

Oil Diplomacy

Here I give a few hints of what should never be forgotten while answering the question related to India's Oil diplomacy. Mind you ! Examples for each will add value to the answer and put you in 50+ bracket.

New Strategic partnerships with oil exporting countries ,, ex: Nigeria and leveraging the existing relations to further such partnerships.

Acquisition of oil assets abroad either by Public sector or Private sector or Joint. This can again be done solo or in combination with other countries/their companies.

Entering into long-term agreements with countries having oil/gas assets.

Oil/Natural gas Pipelines.

Cooperation at international level to secure the prices.

Initiatives to ensure safe passage of ships ex: Gulf of Aden.

though not directly related to diplomacy, the following can also be included relevantly

Encouring Technological co-operation with foreign companies, FDI and also allowing them to explore within India. Ex : Cairn

Maintaining oil reserves in India.

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