Union Minister for Petroleum and Natural Gas Dharmendra Pradhan on Tuesday urged Russian energy company Rosneft to enhance its presence in the Indian fuel retailing sector.
"Met Global Head of Downstream and Member of Management Board @RosneftEN, Didier Casimiro on the sidelines of #IndiaEnergyForum. Urged Rosneft to enhance their presence in the Indian fuel retailing sector. Last year Russia had made its largest FDI in Oil and Gas sector in India," Pradhan wrote on Twitter.
"Rosneft is also partnering with Indian OMCs in Russian projects such as Sakhalin-1, Vankorneft and Taas-Yuryakh. Explored further enhancing Indian presence in Russian Oil and Gas fields, also invited them to invest in India's Gas infrastructure," he added.
Pradhan, meanwhile, also met Neil Saunders, president and Chief Executive Officer of oilfield equipment for Baker Hughes, a GE company (BHGE), on the sidelines of second India Energy Forum.
During the meet, he urged Saunders to take advantage of the investor-friendly regime, policy reforms and the 'Make In India' initiative to further increase their presence in India's hydrocarbon market. Pradhan also asked the company to invest and partner in India's skill development ecosystem.
"Met Neil Saunders, President & CEO, Oilfield Equipment of @BHGECO on the sidelines of 2nd #IndiaEnergyForum. GE Oil & Gas is already deeply involved in all the three segments-Upstream, Midstream & Downstream segments of Oil & Gas in India," Pradhan tweeted.
"Urged Saunders to take advantage of the investor-friendly regime, policy reforms & the #MakeInIndia initiative to further increase their presence in India's hydrocarbon market. Also urged them to invest & partner in India's skill development ecosystem," he wrote.
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