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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

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