Friday, Mar 29 2024 | Time 15:20 Hrs(IST)
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Business Economy


Oil PSUs keen to enter UAE hydrocarbon sector

New Delhi, Feb 10 (UNI) State-owned oil PSUs including ONGC Videsh and Oil India are keen to participate in the upcoming bidding round for award of acreages in UAE, Petroleum Minister Dharmendra Pradhan today conveyed to the visiting energy minister from the Gulf country.
According to Mr Pradhan, Indian Oil, Bharat Petroleum, Hindustan Petroleum too are eyeing a slice of UAE’s hydrocarbon assets,.
Mr Pradhan also conveyed that Indian companies are interested in acquiring a stake in ADCO for onshore oil operations.
The Indian Petroleum Minister held bilateral meeting with Suhail Mohammed Al Mazrouei, Minister for Energy of UAE here today. Mr Mazrouei is in India, a day ahead of the State visit of Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi.
Mr Pradhan highlighted that cooperation in the field of hydrocarbon was an important element of our bilateral relationship and noted that nearly 8 per cent of India’s petroleum products were sourced from UAE. Hence, it played an important role in our energy security, he added.
UNI NM ABI VN2054
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