Coal News We love to talk!

SEP 03 2015

US keen to participate in Numaligarh Refinery expansion

  • Economic Times, ET Bureau / Hyderabad
  • Created: Thu 03rd SEP 2015

The United States is keen to participate in the expansion project of Numaligarh Refinery, the company said. The Assam-based refinery of state-run Bharat Petroleum Corporation plans to invest Rs 20,000 crore to increase its refining capacity to 9 million metric tonnes per annum from 3 mmtpa.

Jonathan Ward, US Consulate General's principal commercial officer for eastern & northeastern India, visited Numaligarh Refinery's corporate office along with a delegation in Guwahati on Wednesday. Officials of the US consulate showed keen interest in NRL's proposed refinery expansion project and the possibility of equity participation by American companies, the refinery said in a statement on Wednesday.

NRL also suggested to the team to look into the possibility of US collaboration in opening up marginal oilfields in upper Assam. United States Ambassador to India Richard Verma visited Assam as part of his familiarisation tour of India and interacted with regional business leaders at a programme hosted by Indian Chamber of Commerce - North East Chapter.

He said bilateral trade is on the way to reach $500 billion from $103 billion now. "We secured new deals in defence and energy, and we are working hard on increasing bilateral investment flows between our two nations," Verma said.

The US ambassador visited Indian Institute of Technology) Guwahati campus and addressed over a 500 undergraduate students, research scholars and faculty members on stronger US-India education partnerships. "I now refer to our partnership as a 'Strategic Plus' with the 'plus' indicating a broader geographic zone of cooperation and engagement in more areas than ever before," he said.

The Assam-based refinery of state-run Bharat Petroleum Corporation plans to invest Rs 20,000 crore to increase its refining capacity to 9 million metric tonnes per annum from 3 mmtpa. Jonathan Ward, US Consulate General's principal commercial officer for eastern & northeastern India, visited Numaligarh Refinery's corporate office along with a delegation in Guwahati on Wednesday.

Officials of the US consulate showed keen interest in NRL's proposed refinery expansion project and the possibility of equity participation by American companies, the refinery said in a statement on Wednesday. NRL also suggested to the team to look into the possibility of US collaboration in opening up marginal oilfields in upper Assam.

United States Ambassador to India Richard Verma visited Assam as part of his familiarisation tour of India and interacted with regional business leaders at a programme hosted by Indian Chamber of Commerce - North East Chapter.

He said bilateral trade is on the way to reach $500 billion from $103 billion now. "We secured new deals in defence and energy, and we are working hard on increasing bilateral investment flows between our two nations," Verma said.

The US ambassador visited Indian Institute of Technology) Guwahati campus and addressed over a 500 undergraduate students, research scholars and faculty members on stronger US-India education partnerships. "I now refer to our partnership as a 'Strategic Plus' with the 'plus' indicating a broader geographic zone of cooperation and engagement in more areas than ever before," he said.

Tags

BILATERAL Assam Energy Refinery United States Petroleum India

Related News

  • India takes diplomatic route to resolve OVL woes in Venezuela  Read more
  • Textile industry expresses concern over idling wind farms  Read more
  • ONGC chief Dinesh K Sarraf says it is ready to take a leading role in helping country achieve energy security  Read more
  • Engie seeks to sell entire stake in Petronet LNG  Read more
  • 90 investors submit bids for solar power projects in Tamil Nadu  Read more
  • More focus needed on energy-efficient appliances  Read more
  • Coal India Limited to adopt ERP system, look sat Rs 1,000 crore in savings  Read more
  • Coal India ready for conciliation as unions threaten strike  Read more
  • Government should avoid retrospective taxation, remove policy uncertainties, says Vedanta Chairman Anil Agarwal  Read more
  • CERC approves tariffs for PPCLs 1,371 MW Pragati-III TPP for 2009-14  Read more