Pravda: India is ready to participate in the program to privatize Russian state assets in 2011-2013, an official spokesperson for the Indian Foreign Affairs Ministry said. The subject will be discussed at the Russian-Indian forum for trade and investments, which is currently taking place in Moscow. In addition, Russian President Dmitry Medvedev may raise the issue during his upcoming visit to India.Indian business is interested in the privatization program, which is evaluated at $32 billion. The governments of the two countries also cooperate in the field of hydrocarbons. Russia and India mutually supplement each other, because India is interested in stable deliveries of oil and gas, whereas Russia is interested in having a stable customer.
The construction of the gas pipeline connecting Turkmenistan, Afghanistan, Pakistan and India (TAPI project) can obviously become a very important project between Russia and India. The pipeline is expected to be 1,680 kilometers long as it starts in Turkmenia’s Dovletabad gas field and ends in India’s Fazilka, near Pakistan’s border. The capacity of the pipeline is 33 billion cubic meters of gas. Read more…..