Seeking investments from Qatar in the upcoming petrochemical projects being executed by public sector companies, Petroleum and National Gas Minister Jaipal Reddy on Friday sought additional quantities of crude oil and LNG from Qatar.
Mr. Reddy was speaking at a meeting with Minister for Industry and Energy of Qatar Mohammed bin Saleh Al-Sada here. He emphasised that such investments from Qatar would be a win-win proposition for both countries as India was looking for strategic investors for some of these project that included petrochemical complexes at Dahej and Manglore and LNG import terminal at Ennore, according to an official statement issued here.
Dr. Mohammed bin Saleh Al-Saba reiterated Qatar's commitment to India not only to supply LNG under the existing contracts but also to provide additional quantities for which discussions were now going on. He offered to supply LPG and crude oil condensates, which could be processed to produce white fuels such as petrol, kerosene, ATF and naphtha.
The two ministers stressed the need for expediting the process of evaluating the present opportunities for mutual cooperation in the hydrocarbon sector. Mr. Reddy expressed the hope that some of these deals would near fruition at the time of the World Petroleum Congress at Doha in December this year.
