Novak says Russia expects to increase oil exports to India

Russia sees promising prospects for increasing oil exports to India, which has now approached the level of $1 billion a year.  This, as reported by the website of the government of the Russian Federation, was said by Russian Deputy Prime Minister Alexander Novak following a telephone conversation with the Minister of Oil and Natural Gas, Urban Development and Housing of India Hardeep Singh Puri.

"Russian export of oil and petroleum products to India has approached $1 billion, there are good opportunities to increase this indicator. We expect to continue cooperation in the sphere of peaceful nuclear power, in particular, in the construction of nuclear power units at the Kudankulam site," the Deputy Prime Minister noted.

During the conversation they also discussed joint areas of work in the fuel and energy sector.  It was noted that current projects continue to be implemented in a stable mode.

“Our relations are in the nature of a particularly privileged strategic partnership, the leaders of our countries are in constant contact. Mutually beneficial cooperation is actively promoted as part of the Arctic LNG 2 and Sakhalin-1 projects. LNG is being supplied to India through the Gazprom company.  Systematic work continues with Indian partners through Rosneft. We are interested in further attracting Indian investment in the Russian oil and gas sector and developing a sales network with the participation of Russian companies in India," Novak added.

According to him, the largest Russian companies are involved in the implementation of current projects, including the extraction and processing, the supply of oil, natural gas, coking coal.


Besides, Alexander Novak and Hardeep Puri discussed cooperation between countries in the sphere of education, in particular, the prospects for expanding study opportunities at Russian universities for Indian students.


Source: TASS