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IOC keen to partner with GAIL for TAPI pipeline project

10 Jun 2014 Evaluate

Indian Oil Corporation (IOC) is keen on partnering with GAIL India for implementation of the Turkmenistan-Afghanistan- Pakistan-India (TAPI) natural gas pipeline. The nation’s largest oil firm wants to be equal partner with GAIL in the $9 billion project with equal rights to sell gas imported from the pipeline.

Billed as -- Peace Pipeline -- for the troubled South-Asia region, the US-backed 1,680-km TAPI project is likely to be completed by 2017-18. The four nations have nominated a company each for implementation of the project with GAIL being the Indian representative.

The TAPI pipeline would start off from Turkmenistan and pass through Afghanistan and Pakistan before entering India. It will have a capacity to carry 90 million standard cubic metres of gas per day (mmscmd) for a 30-year period and will be operational in 2018.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.

 

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