labels: economy - general
India, Libya set to boost bilateral cooperation news
02 February 2007

Dubai: During talks betw3een visiting petroleum minister Murli Deora with Libyan leader Muammar Gaddafi in Tripoli, India and Libya discussed ways to boost their relationship, particularly in the IT and oil sector.

During the meeting with Deora on the outskirts of the Libyan capital Tripoli, Gaddafi stressed on the need for more frequent visits at the highest-levels between the two countries.

Deora highlighted the growing business relations between the two countries in different areas such as construction, power, IT, oil and natural gas, and explained the restructuring in the Indian oil PSUs that would enable them to enhance their role in the Libyan oil sector.

He said the Indian PSUs have obtained exploration licences in six oil blocks - four as operators - and propose to participate as joint venture partners in the revamping of refineries, development of Libyan oil fields, gas projects and help in the capacity building of its energy personnel through state-of-the-art training facilities.

Petroleum secretary M S Srinivasan, Indian ambassador to Libya D P Srivastava, chairman Indian Oil S Behuria, CMD Oil India M R Pasrija and MD ONGC Videsh R S Butola were also present during the meeting.

Deora also delivered two letters to the Libyan leader — one from prime minister Manmohan Singh and other from President A P J Abdul Kalam.


 search domain-b
  go
 
India, Libya set to boost bilateral cooperation