In what amounts to a significant policy shift, Indian public sector companies are bidding for Israeli offshore oil and gas fields. A consortium led by India's state-owned Oil and Natural Gas Corporation (ONGC) is seeking drilling rights in 24 offshore blocks in Israel’s Mediterranean waters, Indian and Israeli newspapers reported on Wednesday.
Last month, India's Oil Minister Dharmendra Pradhan indicated
his country's intention to bid for Israeli oil-and-gas blocks. According to Israeli media reports
, a high-ranking Indian delegation visited Israel in September "to discuss taking part in the tender for blocks in the Mediterranean Sea and Israeli officials said they were pleased with the visit."