By Daniel Alfred
THE Indian state owned Oil and Natural Gas Corporation (ONGC) may have concluded plans to set up a green field modular refinery in Nigeria.
This was announced by the Indian Petroleum Minister, Mr Murli Deora, during the India Africa Hydrocarbon Conference which held in Nigeria recently.
This according to him is owning to the fact that they are looking forward to participating in the exploration and production opportunities in Angola, Ghana, Sudan, Nigeria, Uganda, and Cote dâ€™ Ivoire.
According to him, India is looking forward to getting involved with Nigeria in participating in exploration and production opportunity in Africa so that it can be a part ofÂ the continentâ€™s natural gas market.
He further added that his country is ready to offer African countries expertise in several fields including laying cross_country pipelines, setting up LPG terminal and depot plans and marketing and distribution of petroleum products in the downstream sector.
Speaking about Indiaâ€™s interest in liquefied natural gas (LNG), Deora said: â€œIndian companies are interested in sourcing LNG as equity participation in existing and upcoming terminals in Africa.â€ He stressed the fact that Indiaâ€™s approach to Africa is building an enduring partnership.
Besides participation in oil and gas development projects the Indian companies have also taken up some community development programmes in Africa and that they are committedÂ to continue with the principle of inclusive growth in future. He included the fact that his country is also interested in farming opportunities especially in Lybia, Algeria and Egypt.
â€œIndia is looking forward to participating in exploration and production opportunity in Africa and to be a part of the continentâ€™s natural gas market.