Guyana seeks Indian investment in its hydrocarbon sector- Indian official


NEW DELHI (Reuters) – Guyana wants Indian companies to invest in its oil and gas sector as the South American nation seeks to boost oil production, a senior Indian foreign ministry official said. said on Tuesday.

Guyanese President Mohammed Irrfan Ali and Surinamese President Chandrika Persad Chan Santoki, who are visiting India, meet with Indian Prime Minister Narendra Modi at a conference in central India’s Madhya Pradesh state on Monday. bottom.

Guyana is one of the largest oil discoveries of the last decade. India’s foreign ministry secretary, Saurab Kumar, said the country is currently producing 340,000 barrels of oil per day and aims to raise it to 1.64 million barrels by the end of the decade.

He said Guyana is seeking Indian state-owned and private companies to join the hydrocarbon sector.

“We are seeking cooperation with Guyana, Suriname and especially Guyana,” Kumar said, adding that Ali will meet India’s Oil Minister Haddeep Singh Puri during his visit to New Delhi.

India, the world’s third largest oil importer and consumer, has diversified its crude oil imports, importing Guyana’s Liza crude in 2021.

Reported by Nidhi Verma.Edited by Andrew Havens and Susan Fenton

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