Governance Now Masterminds

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

There is huge hunger for news, says Ashish Bhasin

India is a news-hungry nation with more than 1 lakh newspapers, apart from many news channels. News consumption is high – more so in smaller cities, and the industry needs to capitalize on its huge untapped potential, believes Ashish Bhasin, CEO, APAC, and chairman, India Dentsu Aegis Network.

Amnesty wind-up: NHRC notice to home ministry

As the Amnesty International downs the shutters on its India operations, the National Human Rights Commission (NHRC) has taken suo motu cognizance of the matter and sought the home secretary’s response on the allegations levelled by the global organisation. Amnesty International in Ind

Covid-19 triggers research culture in Ayurveda, traditional medicines

The Covid-19 pandemic has brought the spotlight on the health-promotive and disease-preventive solutions of Ayush (Ayurveda, Yoga, Unani, Siddha, Homeopathy) disciplines. What has not come into the limelight is the emerging nationwide trend in the Ayush disciplines, of taking up evidence-based studies.

Derivative market for electricity in India: Will it lead to innovation or speculation?

The Indian electricity sector is going through an interesting phase right now. Many reforms are being introduced to increase competitiveness and transparency in the sector. The power market in India is a surplus market now and the spot prices are going down day by day. With all these indicators signaling a

A walk down the rich history of Ayurveda

The Indic Quotient: Reclaiming Heritage through Cultural Enterprise By Kaninika Mishra Bloomsbury India, 230 pages, Rs. 499    Over the past decade, India has seen a significant rise in passion for enterprise as well as pride in her

Is China gearing up for prolonged conflict with India?

International observers will keenly watch the Chinese Communist Party Central Committee meeting next month. The central committee is the highest organ of the CCP with a mandate to execute the decision of the National Congress which is convened once every five years.   Besides economy, r

Governance Now Masterminds

Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter