Speaking at the Eastern Economic Forum in Vladivostok, Russian energy minister Nikolay Shulginov said almost all major companies - including Rosneft, Gazprom Neft, and Novatek - were interested in developing new projects with Indian oil and gas companies.
Shulginov said at the Russian-Indian business dialog:
- We see prospects for energy cooperation in all areas
- But the sentiment is that we want to deepen, broaden and solidify the relationship
Sechin said at the meeting:
- Mutual investments into projects with the engagement of Rosneft and the Indian partners exceed $17 billion
- This accounts for more than half of cumulative Russia-Indian investments to date
Rosneft said previously that Indian partners were interested in joining the cluster, which contains combined estimated resources of over 6 billion mt, or around 44 billion barrels, of premium crude . Crude at the project has a low sulfur content ranging from 0.01%-0.04%.
Oil production at the cluster may reach 115 million mt, or around 2.3 million b/d, by 2033, Rosneft said