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Zubkov positive to India’s plea on Sakhalin III

image The visiting Russian Prime Minister, Victor Zubkov, is learnt to have given a “sympathetic and positive” response to India’s plea for a major stake in the Sakhalin III and other major oil and gas projects in far-east Russia. India is a partner in Sakhalin I and gets oil supplies from there.

At a 20-minute meeting between Mr. Zubkov and Petroleum and Natural Gas Minister Murli Deora on Wednesday, the latter also took up the Indian oil companies’ interest in investing in the Russian oil and gas fields.

Opportunities

Mr. Deora urged Mr. Zubkov to impress upon the Russian companies to invest in the Indian oil and gas sector, particularly in the field of Liquefied Natural Gas (LNG). He offered opportunities to the Russian companies for investment in the Mangalore Refineries and Petrochemicals Limited’s (MRPL) proposed LNG terminal.

Mr. Deora said he got a positive response from the visiting Prime Minister and Russian officials.

“We are old friends having common interest in many areas, including oil and gas. We would like to strengthen and expand further these interests.”

Sistema’s offer

The chairman of the Russian conglomerate Sistema, Vladimir Yevtushenkov said his company was open to joint ventures and investments in oil and gas sector.

“We could also look for joint investments in the Caspian region countries for offshore projects in a big way,” he said.

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