| Despite low crude oil prices, global companies in exploration and production are keen to tap the opportunities in India, the “happening spot” for investments, Dharmendra Pradhan, Minister for State (Independent Charge) for Petroleum and Natural Gas, said.
Investor interest was apparent at a recent road show he had attended in the US ahead of the planned bidding for some of the small discovered fields. At $45-50 a barrel, oil prices are not lucrative for companies in exploration and production but “nobody wants to miss the bus in India,” he said...............................................Full Article: Source
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