Seeking to enhance its presence in the mineral and oil rich Africa, India on Wednesday signed an agreement with Angola to bid jointly for oil and gas projects in Angola and other countries. It also offered to set up a refinery in the African nation.
The agreement was signed in the presence of visiting Indian Petroleum Minister Murli Deora and Angola’s Oil Minister Jose Maria Botelho de Vasconcelos. While the oil exploration agreement was signed between Oil and Natural Gas Corporation (ONGC) to bid for oil acreage in Angola with the African nation’s state-owned Sonangol, another state-run Indian Oil Corporation (IOC) offered to build a multi-billion dollar refinery in that country.
Full Story: India offers to build refinery in Angola - The Hindu
The agreement was signed in the presence of visiting Indian Petroleum Minister Murli Deora and Angola’s Oil Minister Jose Maria Botelho de Vasconcelos. While the oil exploration agreement was signed between Oil and Natural Gas Corporation (ONGC) to bid for oil acreage in Angola with the African nation’s state-owned Sonangol, another state-run Indian Oil Corporation (IOC) offered to build a multi-billion dollar refinery in that country.
Full Story: India offers to build refinery in Angola - The Hindu
