Deora is leaving India Tuesday to first visit Libya followed by Yemen as second part of his visit.
Deora is accompanied by M S Srinivasan, Secretary (P&NG) and other high ranking official of Indian oil companies.
In Libya, Indian delegation will have bilateral meeting with Deora's counterpart Dr. Shukri Ghanen, Chairman, National Oil Corporation (NOC) of Libya.
The discussions are likely to lead to signing of an MoU between India and Libya which will provide a framework for cooperation in the oil and gas sector and also facilitate oil companies particularly the National Oil Companies to firm up agreements in respect of specific projects in the exploration & production and the downstream activities.
Libya has been witnessing spurt in business activities after UN sanctions were lifted in 2003 throwing open its substantially unexplored hydrocarbon sector both in upstream and downstream areas.
Indian Oil would also be looking at participation in the refinery up-gradation-expansion projects in Libya. The delegation is slated to visit the Raslanuf refinery.
In the second leg, Deora would lead the delegation to Yemen leaving Tripoli on 2 February 2007. Besides holding talks with Khalid Mahfoudh Bahah, Minister of Oil & Minerals, Yemen for expanding cooperation in the hydrocarbon sector, the delegation is also expected to visit proposed site for downstream hydrocarbon projects like refineries and petrochemicals.
Khalid had extended a warm invitation to Murli Deora during his recent Indian visit, for participation in the Petrotech-2007 to visit Yemen with a delegation of senior officers and chief executives of Indian companies for first hand knowledge of the investment opportunities in Yemen.
He had invited Indian investments in the oil & gas sector especially in the down-stream petroleum sector.
At a bilateral meeting in Delhi January 19, a Ministerial Joint Working Group (JWG) between the two Governments was proposed by Khalid with technical/official sub-groups.
Deora had readily accepted the proposal of Indian oil PSUs funding scholarships by Indian oil PSUs to the students of Yemen in India.
No comments:
Post a Comment