The Indian Minister of Petroleum, Mr. Murli Deora yesterday said the country's total annual import of crude oil from Nigeria reached 400,000 barrels last year, amounting to about $10 billion in monetary terms.
Deora, who led an Indian team to an evening meeting with their Nigerian counterpart at the Nigerian National Petroleum Corporation (NNPC) corporate headquarters in Abuja, revealed plans by the Indian government to commit $350 million into the development of two oil blocs (OPL 279 and 285) in the country's upstream sector. Also as part of the bilateral investment package, he said his country has proposed to partner NNPC through the Indian oil and gas conglomerate, ONGC Mital Energy Limited for the establishment of a Greenfield petroleum refining plant.
Full Story: Nigeria Crude Oil Export to India Hits $10bn - THISDAY
Deora, who led an Indian team to an evening meeting with their Nigerian counterpart at the Nigerian National Petroleum Corporation (NNPC) corporate headquarters in Abuja, revealed plans by the Indian government to commit $350 million into the development of two oil blocs (OPL 279 and 285) in the country's upstream sector. Also as part of the bilateral investment package, he said his country has proposed to partner NNPC through the Indian oil and gas conglomerate, ONGC Mital Energy Limited for the establishment of a Greenfield petroleum refining plant.
Full Story: Nigeria Crude Oil Export to India Hits $10bn - THISDAY
