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Indian Oil Minister Dharmendra Pradhan recently said that international energy companies would be invited to participate in the privatization
of India's state-owned oil company.
Pradhan said Indian Prime Minister Narendra Modi recently met with energy company executives in Houston, including the CEOs
of ExxonMobil, BP, Royal Dutch Shell, Rosneft, Saudi Aramco and Abu Dhabi National Oil Company.
This is the first time Pradhan has said the government intends to bring foreign investment into the country's state-owned oil company
.
Speaking to reporters at an energy conference in Abu Dhabi, the minister said: "We are actively inviting oil professionals to attend
.
”
"Currently, the planned refinery to be built on India's west coast in partnership with Saudi Aramco and Adnock is on track
," the Indian oil minister said.
India is also open to
crude oil imports from Russia.
”
On Monday, the chairman of Indian Oil Corporation said the company was considering buying Russian oil
.
Indian Oil Minister Dharmendra Pradhan recently said that international energy companies would be invited to participate in the privatization
of India's state-owned oil company.
Pradhan said Indian Prime Minister Narendra Modi recently met with energy company executives in Houston, including the CEOs
of ExxonMobil, BP, Royal Dutch Shell, Rosneft, Saudi Aramco and Abu Dhabi National Oil Company.
This is the first time Pradhan has said the government intends to bring foreign investment into the country's state-owned oil company
.
Speaking to reporters at an energy conference in Abu Dhabi, the minister said: "We are actively inviting oil professionals to attend
.
”
"Currently, the planned refinery to be built on India's west coast in partnership with Saudi Aramco and Adnock is on track
," the Indian oil minister said.
India is also open to
crude oil imports from Russia.
”
On Monday, the chairman of Indian Oil Corporation said the company was considering buying Russian oil
.
