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India seeks Qatari investment in oil and gas
sector
Friday October 28, 2011 06:47:44 PM,
IANS
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New Delhi:
Petroleum Minister S. Jaipal Reddy Friday urged Qatar to increase
supply of crude oil and liquefied natural gas (LNG) and invest in
Indian public sector energy firms.
Qatar's Minister for Industry and Energy Mohammed bin Saleh al
Sada met the Indian minister here and discussed the possibilities
of increasing oil and gas supplies and investments.
"India is looking for strategic investors for some of the public
sector energy projects like petrochemical complexes at Dahej and
Manglore, and LNG import terminal at Ennore," said Reddy during
the meeting.
"Such investments will be a win-win proposition for both the
countries," he said.
According to an official statement released after the meeting, the
Indian petroleum minister sought additional quantities of crude
oil and LNG from Qatar.
Sada reiterated Qatar's commitment to India to not only supply LNG
under existing contracts but also additional quantities for which
discussions are going on.
The Qatari minister also offered to supply liquefied petroleum gas
(LPG) and crude oil condensates which can be processed to produce
white fuels like petrol, kerosene, aviation turbine fuel and
naphtha.
The two ministers stressed the need for expediting the process of
evaluating the present opportunities for mutual cooperation in the
hydrocarbon sector.
Reddy expressed the hope that some of these deals would near
fruition by the time of the World Petroleum Congress to be held in
Doha in December.
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