India keen in Myanmar’s midstream and downstream sectors

Indian companies Indian Oil Corporation, Numaligarh Refinery Limited and Hindustan Petroleum Corporation Ltd are exporting petroleum products, lubricants and paraffin wax to Myanmar

GN Bureau | October 15, 2018


#Myanmar   #Indian Oil Corporation   #Numaligarh Refinery Limited   #Hindustan Petroleum Corporation  

To discuss bilateral engagement issues in the hydrocarbon sector, minister of petroleum and natural gas and skill development and entrepreneurship Dharmendra Pradhan recently met union minister for Construction, Electricity and Energy of Myanmar, U Win Khaing. 

 
In the upstream sector, the ministers discussed the current and future investments by Indian oil PSUs in Myanmar. Currently, ONGC Videsh Ltd (OVL) and GAIL have invested in gas producing blocks in Myanmar. OVL also has stakes in exploratory blocks in Myanmar. Indian companies Indian Oil Corporation, Numaligarh Refinery Limited and Hindustan Petroleum Corporation Ltd are exporting petroleum products, lubricants and paraffin wax to Myanmar. Indian PSU companies have invested over US $ 1 billion in the upstream and midstream sectors in Myanmar.
 
Pradhan said India is interested in participating in midstream and downstream sectors in Myanmar, including setting up a refinery, storage, distribution and marketing of petroleum products in Myanmar. He also extended proposals to assist Myanmar in training and capacity building in hydrocarbon sector.
 
 

Comments

 

Other News

Where the true sadhana of Vedanta is to be found

Somewhere Among the Stars: Reflections of a Mystic By Adi Varuni Kali/BluOne Ink, 282 pages, Rs 395 Decades ago, when an unknown N

India celebrates National Voters’ Day

The 13th National Voters’ Day was celebrated across the country Wednesday with president Droupadi Murmu gracing the national event held here. Kiren Rijiju, union minister for law & justice, was the guest of honour. The chief election commissioner, Rajiv Kumar, election commissioners Anup Chandra

INS Vagir to give fillip to Navy: Admiral Hari Kumar

The Indian Navy commissioned its fifth stealth Scorpene class Submarine INS Vagir on Monday at the Naval Dockyard, Mumbai in the presence of Admiral R Hari Kumar, Chief of the Naval Staff. Vagir was launched on November 12, 2020, under Project 75 (P75) and post completion of sea trials it w

Uddhav joins hands with Prakash Ambedkar ahead of BMC polls

Ahead of the Mumbai civic polls, former Maharashtra chief minister Uddhav Thackeray on Monday announced an alliance with Prakash Ambedkar`s Vanchit Bahujan Aghadi (VBA). Addressing a joint press conference, Thackeray said their grandfathers, Keshav Thackeray and Dr. B.R. Ambedkar, were conte

How women leaders enable collective action at local level

Ela R. Bhatt, the founder of SEWA, once said, “There is ample proof to demonstrate that women can and do build strong and vital organizations around issues that relate to them, and find viable solutions out of their own experiences.” Women Leadership Schools (WLSs) promoted by Se

Endorsement guidelines issued for celebs and social media influencers

The department of consumer affairs under the ministry of consumer affairs, food and public distribution released a guide, ‘Endorsements Know-hows!’, for celebrities, influencers and virtual influencers on social media platforms here on Friday. The guide aims to ensure that individuals do not mi

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter