India is stepping up oil and gas exploration in the country to lower dependence on imported crude oil. Higher demand from China and India resulted in crude oil prices rising to a record $58.28 a barrel on the New York Mercantile Exchange on April 4, the highest since trading began in 1983. Crude oil for June delivery traded at $52.46 a barrel at 9:24 a.m. Singapore time in after-hours electronic trading in New York.
129
Chevron, Petronas To Explore In India
The companies have visited the so-called data room that contained details of the blocks being offered
US oil giant firm Chevron Texaco and Malaysian Petroliam Nasional may bid for oil and gas exploration areas in India.
The companies have visited the so-called data room that contained details of the blocks being offered, Sanjay Joshi, joint secretary of the Indian oil ministry, said in an interview in New Delhi yesterday.
India is stepping up oil and gas exploration in the country to lower dependence on imported crude oil. Higher demand from China and India resulted in crude oil prices rising to a record $58.28 a barrel on the New York Mercantile Exchange on April 4, the highest since trading began in 1983. Crude oil for June delivery traded at $52.46 a barrel at 9:24 a.m. Singapore time in after-hours electronic trading in New York.
India is stepping up oil and gas exploration in the country to lower dependence on imported crude oil. Higher demand from China and India resulted in crude oil prices rising to a record $58.28 a barrel on the New York Mercantile Exchange on April 4, the highest since trading began in 1983. Crude oil for June delivery traded at $52.46 a barrel at 9:24 a.m. Singapore time in after-hours electronic trading in New York.
Подпишитесь
