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D.Pradhan: Looking at ways to bring Russian crude oil into India

D.Pradhan: Looking at ways to bring Russian crude oil into India

New Delhi, June 20 - Neftegaz.RU. Russian Deputy PM Yury Trutnev on June 19 held a meeting with Indian Petroleum Minister Dharmendra Pradhan and discussed issues related to energy cooperation between the 2 countries.

“We reviewed the progress of Indo-Russian projects like Sakhalin-1, the Gazprom-GAIL deal, the investments in Vankorneft and Taas-Yuryakh,” Pradhan said after a meeting with Trutnev.

“We are looking at means to bring Russian crude to India and further the investment partnerships. Russia has already invested in India through Nayara Energy,” Pradhan told BusinessLine.

Trutnev is on a visit to India to boost bilateral trade between the 2 countries. Earlier this week, he invited Indian investments in the Russian Far East region with an aim to strengthen ties between the nations.

Indian consortium of public sector undertaking companies have invested in Vankorneft and Taas-Yuryakh in Russia. Russian companies invested in India through the acquisition Essar Oil (now Nayara energy). Both Russian and Indian companies have been keen on cooperation in the field of LNG.

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