In light of the depletion of conventional oil reserves and rising global warming, the CO 2 -EOR has garnered global attention among stakeholders for its potential to evolve into a net carbon-negative technique for extracting residual oil. CO 2 -EOR is a method of extracting additional crude oil beyond primary and secondary recovery from the reservoir using CO 2 as an injection fluid. Among CO 2 -EOR methods, water alternating gas (WAG) injections have been adopted in over 90% of CO 2 -EOR projects worldwide due to improved mobility control and better volumetric sweep efficiency as compared to conventional gas and water injections. However, the sweep efficiency can be further improved by substituting water with the polymer, owing to its greater viscosity. This paper aims to study the mechanisms involved in the miscible and immiscible displacement of medium crude oil by polymer alternating gas (PAG) injection. The miscibility of crude oil with CO 2 was determined using slim tube experiment. The oil displacement mechanism by CO 2 injection was studied by using interfacial tension (IFT) measurements and the rheology of crude oil under different CO 2 equilibrium pressure conditions. Observations revealed that as the CO 2 equilibrium pressure increased, there was a reduction in the IFT between the crude oil and the CO 2 system, attributed to the exchange of CO 2 and intermediate hydrocarbons (HCs) across the interface. The rheological studies of crude oil indicated a decreasing trend in oil viscosity with increasing CO 2 pressure, thereby improving the oil mobility. The solubility of CO 2 in oil and the swelling factor were quantified for different CO 2 saturation pressures using pressure decay data and the density of the CO 2 -saturated crude oil. The rheological and injectivity studies of the polymer were conducted using hydrodynamic dimension analysis, resistance factor, and residual resistance factor to assess the flowability of the polymer within the core. In the case of immiscible PAG, an additional 26% of OOIP was recovered following waterflooding, while 42% of the oil was recovered under the miscible mode. Furthermore, the CO 2 net utilization factor was greater for PAG in the miscible mode compared to that in the immiscible mode. In summary, PAG has huge potential to extract medium oil from low-permeable carbonates, and its efficiency is highly dependent on the mode of CO 2 injection, polymer hydrodynamic dimensions, and mobility control offered by the polymer.