Infinity Exploration
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That moratorium -- which expires July 24th -- was enacted over concerns that drilling could affect the basin's groundwater and archaeological sites Infinity Exploration.
The moratorium allowed officials to review water aquifers, archaeological and cultural resources and wildlife in the area.
However, the report offered a mixed picture of energy use by the world's thirstiest oil consumer. Gasoline supplies unexpectedly grew by a considerable amount, and demand continued to slide -- suggesting that record fuel prices are prompting a real shift in Americans' driving habits.
Infinity Gas Exploration expects to finalize a deal "by next month" on a pipeline that will transport gas across the subcontinent from Iran, Indian Oil Minister Murli Deora told Agence-France Presse on Thursday. He said the $7.5 billion project to bring gas from Iranian fields to India and Pakistan had been discussed on the sidelines of the World Petroleum Congress industry event in Madrid, AFP reported. "We discussed this here again yesterday (Wednesday). There should be an end to dialogue now," Deora was quoted as saying. 