“India will invest $350 million in developing two oil blocks in the West African nation, besides increasing its engagement in the gas sector as well,” Petroleum and Natural Gas Minister Murli Deora said after meeting his Nigerian counterpart Henry Odein Ajumogobia at Abuja on Monday.
“India is looking forward to partnering Nigerian National Petroleum Corporation (NNPC) through the Indian oil and gas conglomerate — ONGC Mittal Energy Ltd. — for the establishment of a greenfield petroleum refining plant,” Mr. Deora said. India is Nigeria’s second-largest crude oil buyer. Out of the 116 million tonnes of crude oil consumed annually, about 11 to 18 million tonnes, representing 22-25 per cent of its total yearly imports, are sourced from Nigeria, which is Africa’s largest energy producer.
Full Story: India to invest $350 m in Nigerian oil blocks - The Hindu
“India is looking forward to partnering Nigerian National Petroleum Corporation (NNPC) through the Indian oil and gas conglomerate — ONGC Mittal Energy Ltd. — for the establishment of a greenfield petroleum refining plant,” Mr. Deora said. India is Nigeria’s second-largest crude oil buyer. Out of the 116 million tonnes of crude oil consumed annually, about 11 to 18 million tonnes, representing 22-25 per cent of its total yearly imports, are sourced from Nigeria, which is Africa’s largest energy producer.
Full Story: India to invest $350 m in Nigerian oil blocks - The Hindu
