Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: sea_urchin who wrote (25817)	10/1/2007 5:24:31 AM
From: GUSTAVE JAEGER	Read Replies (1) of 81092

Re: ...the signing of oil and gas exploration contracts between state-controlled ONGC Videsh Ltd and Burma’s military rulers. Seems like the Videsh/Myanmar contract is just an appetizer and India's still pushing for a bigger slice of Myanmar's oil&gas pie... I guess the deal is obvious: China will let India tap a bigger portion of Myanmar's energy reserves IF AND ONLY IF India doesn't side with the US/Israel on the Iranian issue. If India turns against Iran then... she can kiss goodbye to her Myanmar deal(s). Hence India's facing the risk of losing BOTH Iran and Myanmar gas supplies. newspostindia.com Excerpt: ONGC Videsh had succeeded in acquiring 100 percent participation in the three blocks, which comes after it won contracts for two other blocks for 20 percent and 10 percent interest each. India is making attempts to acquire more hydrocarbon assets in Myanmar, which currently produces 10,000 barrels of oil and 820 million standard cubic feet of gas per day, the statement said. The total oil and gas reserves in Myanmar are estimated at 50 million barrels and 10 trillion cubic feet, respectively.

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