India is exploring, in association with Vietnam, the possibilities of buying the stake of the British energy player, BP Plc, in a gas project in the Southeast Asian country, according to sources.
India has evinced interest in the BP's stake in Nam Con Son gas project following reports that the British firm might sell some of its assets in Vietnam and elsewhere to fund the oil spill clean-up operations in the Gulf of Mexico.
Petroleum and Natural Gas Minister Murli Deora is understood to have discussed this issue during his meeting with Vietnamese Prime Minister Nguyen Tan Dung in Da Lat on the sidelines of an energy ministers meeting organised by the Association of Southeast Asian Nations.
ONGC Videsh officials are also said to be discussing the issue with their counterparts in PetroVietnam.
