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US ENERGY GIANTS KEEN ON INDIAN ENERGY EXPLORATION : MINISTER.

AsiaPulse News

| April 03, 2006 | COPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

HOUSTON, April 3 Asia Pulse - Spurred by India's success in oil and gas exploration coupled with its New Exploration Licensing Policy, global oil giants including Exxon-Mobil and Chevron, have shown "massive" interest in investing in the country's hydrocarbon industry, Petroleum and Natural Gas Minister Murli Deora said.

Major US oil giants including Exxon-Mobil, Chevron, Texao, and ConocoPhillips have displayed a greater interest in the latest round of oil and natural gas blocks being offered for exploration by India, Deora who is here for a roadshow showcasing 55 exploration blocks.

"It's been a massive response much better than the earlier roadshows," Deora, said over a luncheon hosted by the ministry.

"We hope this ...

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Source: HighBeam Research, US ENERGY GIANTS KEEN ON INDIAN ENERGY EXPLORATION : MINISTER.

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