Home | News    Wednesday 22 February 2006

Indian Reliance to win Sudanese oil blocks

separation
increase
decrease
separation
separation

Feb 21, 2006 (NEW DELHI) — Sudan had decided to award two oil and gas exploration blocks to Reliance Industries Ltd., a statement from a business chamber quoted the Sudanese ambassador as saying.

A Reliance spokesman was not immediately available for comment, but industry sources said the company, which operates India’s largest refinery and has discovered one of its largest gas fields, was in talks with Sudanese authorities.

The Associated Chambers of Commerce and Industry of India said Sudan’s ambassador, Abdul Mahmoud Mohamed, had told Indian businessmen that the contracts would be finalised soon.

"Addressing an internal discussion ... Dr Mohamed announced that the government of Sudan has already decided to award two oil and gas blocks to Reliance for which contracts would be finalised and thereafter signed shortly," the statement said.

India, which imports 70 percent of the oil it consumes, is encouraging companies to acquire foreign petroleum assets as domestic output, mostly from ageing fields, has declined and no large discoveries have been reported for decades.

India’s oil demand is expected to grow with the economy, Asia’s third largest, likely to expand by 7-8 percent a year.

State-run Oil and Natural Gas Corp. Ltd., has led the country’s efforts to buy foreign oil assets and has stakes in projects in more than a dozen countries including Russia, Sudan and Vietnam.

Since last year, private firms have also started bidding for foreign oilfields.

Essar oil has signed contracts to explore oil and gas in Myanmar, while Videocon Industries, won an exploration block in Nigeria.

Last week, sources said Videocon and state-owned Gujarat State Petroleum Corp. Ltd. were set to buy 20 percent each in an Australian exploration blocks.

(Reuters)

On the net : http://www.ril.com/

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.

Comment on this article



The following ads are provided by Google. SudanTribune has no authority on it.



Sudan Tribune

Promote your Page too

Latest Comments & Analysis


What if Dr. John Garang were alive today? 2019-12-05 08:21:57 By Nhial T. Tutlam Let’s imagine that on the fateful day of July 30, 2005 the helicopter carrying Dr. John Garang from Uganda back to his base in Southern Sudan arrived safely. Let’s further (...)

The cries of South Sudanese women in Australia 2019-12-04 07:13:57 Biong Deng Biong Amidst Melbourne’s African youth crime saga and its associated political chaos, a quiet cohort watch events unfold, weary and grim-faced. They are the struggling mothers of the (...)

South Sudan’s Security Arrangements: flawed rhetoric vs real practice 2019-12-02 06:41:06 By Steve Paterno Some compatriot South Sudanese wrote on his Facebook status, jokingly by urging people to flock to cantonment sites in big number to fulfil the required 83,0000, a threshold the (...)


MORE






Latest Press Releases


S. Korea supports UN communities building resilience project in Sudan’s Blue Nile 2019-09-09 09:26:41 UNDP Sudan September 5, 2019 (KHARTOUM) - An agreement was signed on 5th of September between the Korean Ambassador, His Excellency. Lee Ki-Seong and Dr. Selva Ramachandran, Resident (...)

Sudanese lawyers and Human rights defenders back calls for civil rule 2019-04-26 10:22:06 Press statement by 55 Sudanese lawyers and Human rights defenders on Sudan Sit-in and Peaceful Protest Khartoum -24/04/2019 We, the undersigned (55) Sudanese lawyers and human rights defenders, (...)

South Sudan’s Lafon youth condemn killings of civilians by Pari community 2019-04-03 21:54:29 Press Statement on the Fighting between Pari/ Pacidi and Lotuko/Lokiri on 24/3/2019 Release by The Lafon County Youth Union: We, the Lafon County Youth Union hereby condemn the atrocities and (...)


MORE

Copyright © 2003-2019 SudanTribune - All rights reserved.