New Delhi is calling on Russian energy company Rosneft to increase its presence in the Indian fuel retailing sector, Indian Petroleum and Natural Gas Minister Dharmendra Pradhan said on Tuesday.
NEW DELHI (Pakistan Point News / Sputnik - 16th October, 2018) New Delhi is calling on Russian energy company Rosneft to increase its presence in the Indian fuel retailing sector, Indian Petroleum and Natural Gas Minister Dharmendra Pradhan said on Tuesday.
"Met Global Head of Downstream & Member of Management board @RosneftEN, Mr. Didier Casimiro on the sidelines of #IndiaEnergyForum. Urged Rosneft to enhance their presence in the Indian fuel retailing sector. Last year Russia had made its largest FDI [foreign direct investment] in Oil & Gas sector in India," Pradhan said on Twitter.
The minister recalled that Russian and Indian companies were cooperating in a number of projects, namely, the Sakhalin-1 oil and gas development project, which is underway in the Russian Far East.
"Explored further enhancing Indian presence in Russian Oil & Gas fields, also invited them to invest in India's Gas infrastructure," Pradhan added.
On October 5, Russian President Vladimir Putin said that Russia was ready to consider cooperation with India in a number of energy projects in the Far East, and in projects on natural resources development in the Russian Siberia.
