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India has invited Saudi participation in upcoming investment
opportunities in its petroleum upstream and downstream sector including
OPaL’s Petrochemical project at Dahej and OMPL’s Petrochemical project
at Mangalore.
An offer was made to the Saudi side for considering equity participation
in these projects as a strategic investor, said Mr R.P.N. Singh,
Minister of State for Petroleum & Natural Gas, after the bilateral
meetings with Prince Abdul Aziz Bin Salman Bin Abdulaziz, Assistant
Minister for Petroleum Affairs, Saudi Arabia.
Other proposed investment opportunities such as Indian Oil Corporation’s
LNG project at Ennore, Bharat Petroleum Corporation’s LNG terminal at
Kochi, Hindustan Petroleum Corporation’s grass-root refinery in
Visakhapatnam and Indian Oil Corporations petrochemical plant at Paradip
were also discussed.
Since both Saudi Arabia and India are prominent actors in the
International Energy Forum (IEF) comprising 88 countries, which is the
world’s principal vehicle for the ongoing global energy dialogue,
several issues related to the IEF were also discussed, he said.
Source: http://www.thehindubusinessline.com/industry-and-economy/economy/article2923945.ece?ref=wl_industry-and-economy
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