Russian Dy PM speaks with Union Petroleum Minister, invites Indian investment in gas and oil sector

New Delhi, Mar 11: In a major development,  Deputy Prime Minister of the Russian Federation, Alexander Novak, spoke with Minister for Petroleum, Natural Gas, Hardeep Singh Puri, and invited India to invest in the Russian oil and gas sector.

 

Taking to Twitter, the government of Russia informed, "Alexander Novak spoke by telephone with the Minister of Petroleum and Natural Gas and Minister of Housing and Urban Affairs of India, Hardeep Singh Puri."

 

 

 

As per the Russian government, they discussed current and potential joint projects in the fuel and energy industry and noted that current projects continue to be steadily implemented.

 

"What we have is a particularly privileged strategic partnership; the leaders of our countries maintain regular contact. Mutually beneficial cooperation is actively promoted, including the Arctic LNG 2 and Sakhalin 1 projects. Gazprom supplies LNG to India, and Rosneft continues its systematic work with its Indian partners. We are interested in further attracting Indian investment to the Russian oil and gas sector and expanding Russian companies’ sales networks in India," Alexander Novak said.

 

During the meeting, Novak also noted that major Russian companies are currently involved in projects in India, including the production, processing, and distribution of oil, natural gas, and coking coal.

 

"Russia’s oil and petroleum product exports to India have approached $1 billion, and there are clear opportunities to increase this figure. We expect to continue cooperating in the development of peaceful nuclear power, in particular, in building the nuclear power units at Kudankulam," the Hardeep Singh Puri added.

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