Indian Oil Corporation (IOC) and GAIL (India) are looking closely to pick up equity in LNG projects in the African region to meet India's future energy needs in a big way, Petroleum and Natural Gas Minister Jaipal Reddy said here on Friday.
Inaugurating the third Africa Hydrocarbon Conference here, Mr. Reddy said India's oil companies were looking at farm-in opportunities in producing blocks, especially those in Libya, Algeria, Egypt and Nigeria. Africa supplies 35.31 million tonnes, or 21.5 per cent, of India's crude oil requirement.
At the same time, the Petroleum Mminister outlined that India was keen on participating in exploration and production opportunities in Angola, Ghana, Sudan, Algeria, Congo, Nigeria, Uganda, Cote D'Ivoire, Mozambique, Chad, Gabon and Tanzania.
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