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India: The Emerging Energy Player by Girijesh Pant

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Chapter III

India—Gulf Energy Relations: Redefining Interdependence

The historical relations between India and the Arabian Gulf region better known as the GCC countries have of late evolved into a dynamic interdependent partnership. The region is not engaged with India as a trade route, but as a vital source of energy and commerce. For the Gulf countries, India is an emerging market, an investment destination, besides being the supplier of manpower and technical know-how. In the expanding profile of transactions, energy is the prime mover. India currently imports nearly 60 per cent of its oil from the GCC region and the share is likely to go up further. Consequently, developments in the region’s energy sector are bound to have a bearing on Indian ...

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