Investment initiatives in Gas infrastructure took the lead on the second day of 2nd India-Africa Hydrcarbons conference, in New Delhi on Tuesday. B.C. Tripathi, CMD, Gas Authority of India Ltd said that India offers African countries a huge market for hydrocarbons. While moderating a session on incentives in Gas infrastructure he said that India has emerged as a leading refining hub, exporting over 25 billion dollors worth of petroleum products annually. He said the country has proven expertise in refining, consultancy, skilled manpower, and infrastructural development.State owned Oil and Natural Gas Ltd (ONGC) and GAIL (India) Ltd are in talks with Ghana National Petroleum Corporation (GNPC) for acquiring stakes in hydrocarbon blocks in the African Country. Delegates from several countries of Africa put forth presentations discussing their policies for infrastructure and focussed on need of collaboration with India.On the concluding day of conference, New Delhi plans to tap potential for oil and Gas in the African countries, and the conference also aims to sign mutual business tie-ups between India and African Nations.
News On AIR | December 8, 2009 2:37 PM
Investment initiatives in Gas discussed in India-Africa Hydrcarbons conference