Indian PSUs have already invested in a gas block


Natural Gas (Independent Charge), Shri Dharmendra Pradhan meeting the Minister of Foreign Affairs, Mozambique, Mr. Oldemiro Julio Marques Baloi, in MozambiqueINVC NEWS
Mozambique ,
Minister of State (I/C) Petroleum & Natural Gas Shri Dharmendra Pradhan visited Mozambique

Besides meeting his counterpart the Minister of Mineral Resources & Energy, Mr. Pedro Couto, he also met Foreign Minister Mr Baloi and called on Prime Minister Mr Agostino Rosario.

Three Indian PSUs (ONGC Videsh, Oil India Ltd & Bharat Petroleum) have already invested in a gas block, Rovuma Area 1 in offshore Mozambique. This is one of the largest investment of India in any single hydrocarbon asset abroad.

During the meetings, the two sides discussed all issues related to the existing investment as well as ways to expand the relationship in other areas of oil and gas. It was agreed that there is scope for expanding cooperation in several areas of mutual interest.

CMDs/senior representatives of ONGC Videsh, Oil India Ltd, Bharat Petroleum, GAIL, SAIL and senior officials of the Ministry of Petroleum & Natural Gas accompanied the Minister. A CII delegation of Indian businessmen with expertise in the oil and gas sector also accompanied the Minister.

While laying down a road map for energy security of India on March 27 during his address at the Urja Sangam, Hon’ble Prime Minister had spoken about deepening our energy partnerships in Africa. Mozambique is an important partner in this context.


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