Deora to go on LNG and oil hunt overseas

Vol 10, PW 24 (05 Apr 07) News in Brief

India’s oil minister Murli Deora is preparing to travel overseas as part of the country’s never-ending hunt for oil exploration acreage and cheap LNG.

We hear that the reluctant air traveller Deora will be leading an Indian oil and gas delegation to Egypt, Algeria and Syria between 18th and 25th April. India has already imported some cargoes of spot LNG from Egypt and Algeria while Indian state-owned and private oil companies are increasingly targeting these three countries in search of oil exploration acreage.

We are told that Deora’s talks in Egypt will focus on LNG imports while in Algeria the focus will be on crude oil imports as well as on acquiring oil exploration acreage. In Syria his talks will centre on both LNG and oil exploration acreage.

This will be Deora’s first visit to these countries as oil minister. Deora will be accompanied by OVL chief RS Butola, IOC chairman Sarthak Behuria, GAIL chairman UD Choubey and other oil ministry officials.