Nigeria likely to supply high quality crude to India
03 Nov 2010
India can expect to get supplies of superior crude from Nigeria with that country planning to boost its crude production to 4 million barrels per day by 2010 from the current 2.7 million barrels per day.
Petroleum secretary S Sundareshan said this after talks with Emanuel O Egbogah, special adviser to the President of Nigeria on petroleum matters.
He said India conveyed a keen desire to source more Nigerian crude and the Nigerian representative responded positively.
Nigeria has asked the Indian side to send a formal proposal for government-to-government agreement in this regard, he said.
At present, India imports about 13 million tonnes of crude oil from Nigeria annually.
The two countries also reviewed progress in the two exploration blocks where OVL has participating interests.
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