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Chevron, Exxon and Total keen to invest in India, says minister

NEW DELHI (Reuters) - Global energy majors Chevron Corp (NYSE:CVX), Exxon Mobil Corp (NYSE:XOM) and TotalEnergies are interested in investing in India's oil and gas...
Chevron, Exxon and Total keen to invest in India, says minister © Reuters. FILE PHOTO: The Chevron logo is pictured after the U.S. government granted a six-month license allowing Chevron to boost oil output in U.S.-sanctioned Venezuela, in Caracas, Venezuela, December 2, 2022. REUTERS/Gaby Oraa
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NEW DELHI (Reuters) - Global energy majors Chevron Corp (NYSE:CVX), Exxon Mobil Corp (NYSE:XOM) and TotalEnergies are interested in investing in India's oil and gas exploration and production sector, the country's oil minister said in a speech on Friday.

India, the world's third biggest oil importer and consumer, buys more than 84% of its oil needs from overseas and wants to quickly monetise its hydrocarbon reserves to reduce its dependence on costly imports.

"India is ready to explore opportunities for joint development production of oil and gas assets for mutual benefit and also invites investment in our domestic E&P (exploration and production) sector," Hardeep Singh Puri said.

The minister added that India aims to double the area under oil and gas exploration to 500,000 sq km by 2025.

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28-09-2023 01:35:12 (UTC+7)

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AUD/USD

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    EUR/USD 1.0501 ↑ Buy  
    GBP/USD 1.2132 ↑ Buy  
    USD/JPY 149.59 ↑ Sell  
    AUD/USD 0.6350 ↑ Buy  
    USD/CAD 1.3504 ↑ Sell  
    EUR/JPY 157.09 ↑ Buy  
    EUR/CHF 0.9675 ↑ Sell  
    Gold 1,894.05 ↑ Buy  
    Silver 22.797 ↑ Buy  
    Copper 3.6357 ↑ Buy  
    Crude Oil WTI 93.85 Neutral  
    Brent Oil 94.48 ↑ Sell  
    Natural Gas 2.909 Sell  
    US Coffee C 148.75 ↑ Sell  
    Euro Stoxx 50 4,131.65 ↑ Buy  
    S&P 500 4,268.39 ↑ Buy  
    DAX 15,217.45 ↑ Buy  
    FTSE 100 7,593.22 ↑ Buy  
    Hang Seng 17,552.50 Neutral  
    Small Cap 2000 1,776.35 ↑ Buy  
    IBEX 35 9,331.90 ↑ Buy  
    BASF 42.280 Neutral  
    Bayer 45.72 ↑ Sell  
    Allianz 226.95 ↑ Sell  
    Adidas 157.62 Buy  
    Lufthansa 7.653 Sell  
    Siemens AG 134.20 ↑ Sell  
    Deutsche Bank AG 10.342 ↑ Buy  
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