India offers Russia access to 200,000 sq km for oil exploration

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Reuters

Indian Minister of Petroleum and Natural Gas, Hardeep Singh Puri, announced that India is opening up 200,000 square kilometers of its sedimentary basin for oil and gas exploration, inviting Russian companies to participate.

“We are offering 200,000 km of drilling area... It’s open for all companies. We only have to tie up,” Puri said, stressing the importance of direct business dialogue between the two countries.

He encouraged more interaction and discussions between companies, noting that such talks often lead to delegations and renewed investment interest.

Puri also highlighted growing demand for petrochemical raw materials and expressed India’s willingness to collaborate with Russia in that sector.

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