Source Pravda.Ru

Indian Oil Sector Attracting British Giants

The Indian government has invited British energy giants including Shell group, BG Group and Cairn Energy to participate aggressively in the bidding process for twenty seven oil fields, thrown open to global investors under the third round of New Exploration Licensing Policy.

Indian Petroleum Minister Ram Naik flagged off the promotional campaign for attracting overseas investment in the oil blocks in India's onshore and onland areas under NELP-III here Friday evening in which over fifty three leading British companies participated.

Highlighting Indian petroleum sector's strength Naik said, “We offer internationally one of the most attractive fiscal and contractual term”.

Bids on the third round close on August 28th, 2002.

Speaking on the occasion, David Warren, Director International Group in British Trade International of the UK government, said “Our government will provide all possible support to British companies for closer cooperation with India in the oil and gas sector”.

The UK is the second largest trading partner of India and petroleum sector constitutes about five per cent in the total trade between the two countries, he said.

Visit to

&to=http://www2.shell.com/home/Framework' target=_blank>SHELL

&to=http://www.bg-group.com/main_html/index.html' target=_blank>BG-GROUP

Comments
Russia will not let NATO warships into Sea of Azov
Is Putin guilty of the Kerch school massacre?
Putin: Russians will go to heaven in case of nuclear war
Is Putin guilty of the Kerch school massacre?
Saudi Arabia knows how to dismember journalists and get away with it
US official lashes Europe for working on Nord Stream 2
Is Putin guilty of the Kerch school massacre?
Is Putin guilty of the Kerch school massacre?
Russia joins forces with Egypt to establish law and order in the Middle East
Is Putin guilty of the Kerch school massacre?
Russia will not let NATO warships into Sea of Azov
Is Putin guilty of the Kerch school massacre?
Russia joins forces with Egypt to establish law and order in the Middle East
Russia builds her first-ever turbojet engine for civil aviation
Russia builds her first-ever turbojet engine for civil aviation
Russia delivers technologically advanced S-300 systems to Syria
Russia delivers technologically advanced S-300 systems to Syria
Kerch college shooter grew up in dysfunctional family
Kerch college shooter grew up in dysfunctional family
Russia delivers technologically advanced S-300 systems to Syria
Russia and Germany develop anti-Polish collusion