Petroleum minister Mani Shankar Aiyar is arriving here on Saturday on a four-day visit during which he is to address an international energy forum besides holding talks with Russian oil majors
Published:
23 October 2004 y., Saturday
Indian petroleum minister Mani Shankar Aiyar is arriving here on Saturday on a four-day visit during which he is to address an international energy forum besides holding talks with Russian oil majors.
Mr Aiyar’s visit would set the “energy agenda” for the summit between Prime Minister Manmohan Singh and Russian president Vladimir Putin in December in New Delhi, diplomatic sources said.
During the visit, Mr Aiyar would meet Alexei Miller, the CEO of world’s largest natural gas company Gazprom and the leadership of other Russian oil majors, the sources said.
With the soaring oil prices in the world market, Russia has become a hot spot for long-term investment in energy sector.
India’s ONGC Videsh Limited - the overseas arm of ONGC has already invested $1.7 billion in Russia’s Sakhalin-1 offshore bloc on production sharing basis and is looking for more investment opportunities.
During the last India-Russia summit in Moscow in November 2003, then prime minister Atal Bihari Vajpayee and Mr Putin had agreed on “closer business dialogue” on energy.
Šaltinis:
financialexpress.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
When you fill up your car with petrol you often find that your hand will reek of petrol unless you have worn gloves.
more »
The EU is going through its worst recession since WWII. Inflation has slowed, but employment and public finances are hard hit. The situation should stabilise in 2010.
more »
In the current economic environment, banks should carefully analyze the current and future total cost of ownership of their technology assets, and evaluate the outsourcing alternative.
more »
Commission proposes first EU law on hedge funds and issues guidelines on bank pay practices.
more »
On 30 April, Lithuania’s Minister of Foreign Affairs Vygaudas Ušackas took part in the round table discussion “The European Union’s External Trade Policy and Lithuania’s Positions: Threats and Possibilities for the Lithuanian Industry”.
more »
Since 28 April this year, the clients of AB Bank SNORAS will be able to process their financial matters in a clearer and more user-friendly environment of “Internet Bank+” system.
more »
2009 ageing report: Europe tackling the challenge of an ageing population but the recession threatens a setback.
more »
More choice, investment and security of supply lie at the heart of the 3rd energy package.
more »
Swine flu, a new strain of influenza, has so far left more than a hundred dead. But in one sector, the illness could have huge benefits.
more »
Central European bargain hunters are crossing borders for the best buys. Slovakian shoppers in Hungary are making the most of their new eurozone membership.
more »