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India has sought more crude oil, LNG, and LPG as well as enhancing mutual cooperation from the producing nations at the 5th OPEC International Seminar in Vienna.
The Minister of Petroleum and Natural Gas, Mr S. Jaipal Reddy, held a series of bilateral meetings with his counterparts from Iran, Saudi Arabia, Algeria and Qatar on the sidelines of the on-going OPEC event, according to an official communiqué issued here on Thursday.
With Mr Rostam Ghasemi, Minister of Petroleum Iran, Mr Reddy raised the issue of the development of the South Pars Phase-12 by ONGC Videsh-led consortium. The Iranian Minister said that Iran Offshore Oil Company (IOOC) would be advised to resolve all pending issues and concerns at an early date.
Mr Reddy in his meeting with Mr Ali I Naimi, Minister of Petroleum & Mineral Resources, Saudi Arabia, asked for additional five million tonnes of crude oil over and above the 32 million tonnes imported during 2011-12. India also asked for an additional 1.5 million tonnes of LPG during the current year.
Regarding SA Aramco and other companies investing in India's petrochemical and downstream sectors, Mr Naimi assured that this would be favourably examined and appropriate advice would be issued to its National Oil Companies.
With the Algerian Minister of Energy and Mines, Mr Youcef Yousfi, India asked for additional quantities of crude oil, and expressed interest in investing in Algeria's upcoming LNG sector with the objective of some quantities being booked for India. GAIL (India) is already in talks with Sonatrach for tying up LNG imports on annual basis.
The Algerian side stressed on the development of its fertiliser sector and said that Indian companies interested in phosphatic fertilisers were welcome to approach the Algerian side for participation.
The Ministers of India and Qatar discussed matters of bilateral interest including larger supplies of crude oil.
Also, both sides discussed the long-term LNG contract between Petronet LNG and RasGas.
India sought another 3.5 million tonnes of LNG including the need to settle the pricing issue at an early date. PLL has long-term contract with RasGas for 7.5 million tonnes per annum.
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