India on Friday invited investments from Qatar in the upcoming petrochemical projects of the oil sector PSUs. Speaking at meeting in New Delhi on Friday with Minister for Industry and Energy of Qatar Dr. Mohammed bin Saleh Al-Sada, petroleum minitser S Jaipal Reddy emphasized that such investments will be a win-win proposition for both the countries. He pointed that India is looking for strategic investors for these projects. The Oil Minister sought additional quantities of crude oil and LNG from that country to meet the growing energy demand in India. The Qatari Minister reiterated his country's commitment to India to not only supply LNG under existing contracts but also additional quantities for which discussions are going on. He offered to supply LPG and crude oil to be processed to produce white fuels like Petrol, Kerosene, Aviation Turbine Fuel and Naphtha.
News On AIR | October 28, 2011 7:40 PM
India invites investments from Qatar in petrochemical projects