Tuesday, 22 January 2013

India to explore oil and gas in Niger

India will soon send oil and gas experts to Niger to explore hydrocarbon resources in the West African nation.
India's Minister of State for Petroleum P. Lakshmi told the visiting Minister of Energy and Petroleum of Niger, Foumakore Gado, that Indian companies are interested in exploring oil and gas blocks and investing in the country's oil marketing infrastructure.
According to an official release, Gado welcomed Indian companies to invest in the country. He also sought Indian technical expertise in the sector.
In response, Lakshmi said Indian state-owned units like ONGC, GAIL and IOC could provide technical training to the Niger's hydrocarbon sector personnel.
Gado is leading a high-level delegation, which includes Niger's ministers of agriculture and transport, and chairman of the country's finance commission.
Bilateral relations between India and Niger, a member of the Economic Community of West African states (ECOWAS), earlier mainly limited to multilateral fora, have picked up momentum with the opening of the Indian mission in capital Niamey in 2009.
India's trade with Niger stood at $57.34 million during 2010-11. India's exports to Niger was worth $46.88 million.

No comments:

Post a Comment