Kuwait keen on investing in India’s petrochemical industry
September 29th, 2010 - 12:58 am ICT by IANSNew Delhi, Sep 28 (IANS) Kuwait has expressed interest in investing in India’s oil and gas sector, especially in the areas of petrochemical complexes and crude oil storage, a statement Tuesday said.
This was discussed during the meeting between Kuwait’s Petroleum Minister Sheikh Ahamad Abdullah Al-Ahmad Al-Sabah and his Indian counterpart Murli Deora here Tuesday.
“One of the important issues discussed was possible investment of Kuwait in the oil and gas sector, particularly in petrochemical complexes and building of a crude oil storage hub in India,” said a petroleum ministry statement.
The Indian delegation invited Kuwait to participate in the 9th round of auction of hydrocarbon blocks which will be launched soon. “The talks also focused on participation of the two countries in E&P opportunities in third countries,” it said.
Besides, India offered the consultancy services of Engineering India Limited. “The cooperation in providing training facilities and building R&D facilities both in upstream and downstream sector were also deliberated. The two sides further discussed the offer of ONGC-TERI for bioremediation in Kuwait to clean up the soil affected by oil spills,” the release said.
- India scouts for investment in energy in Mexico summit - Mar 31, 2010
- India joins the race to clean up Gulf War oil spills - Apr 08, 2009
- Kuwait's ruler appoints new prime minister - Dec 01, 2011
- India asks Saudi Arabia to hike crude oil supply - Feb 23, 2012
- Global oil demand to increase by five million bpd: Kuwait - Apr 26, 2010
- India seeks Qatari investment in oil and gas sector - Oct 28, 2011
- Krishna leaves for Kuwait - Feb 25, 2011
- Krishna heads to Kuwait Friday - Feb 24, 2011
- Krishna calls on Kuwait's Deputy Prime Minister - Feb 26, 2011
- Kuwaiti minister to inaugurate new Jamia library - Sep 24, 2010
- Saudi Arabia seeks to boost trade, investment with India - Jan 04, 2012
- Krishna makes it to Kuwait military parade despite being caught in traffic snarl - Feb 27, 2011
- Krishna to leave for Kuwait on Wednesday - Feb 02, 2010
- Krishna to leave for Kuwait today - Feb 03, 2010
- India seeks more crude oil imports from Nigeria - Mar 16, 2011
Tags: al ahmad, al sabah, bioremediation, consultancy services, crude oil, deora, gas sector, hydrocarbon, indian counterpart, indian delegation, investing in india, ministry statement, New Delhi, oil and gas, oil storage, petrochemical complexes, petroleum ministry, sheikh, storage hub, teri