Oil & Natural Gas Corp. may partner Kuwaiti companies to bid for oil and gas exploration blocks in India and abroad, RS Sharma, chairman of India's largest energy explorer, said Tuesday. India, which imports four-fifth of its crude oil requirements, is set to launch its ninth round of oil and gas block auctions next month as it seeks to increase output to meet demand in a fast-expanding economy. Oil and gas extraction companies in Russia's Far Eastern Sakhalin region are planning to increase oil extraction to 23 million tons from 15 million tons a year and gas extraction from 19 million to 60 billion cubic meters, a local government's deputy head said on Wednesday. "The Sakhalin region in the Russian Far East has become one of the main centers for hydrocarbon extraction in the Asia-Pacific region," Galina Pavlova said during an annual Sakhalin Oil and Gas 2010 conference in the city of Yuzhno-Sakhalinsk. OAO Gazprom Neft, the oil arm of Russia's state natural-gas producer, plans to increase production by 12 percent in the next two years on two new development regions. Output may reach 1.115 million to 1.15 million barrels of oil equivalent a day in 2012, compared with 1.03 million this year, Gazprom Neft said today in a presentation in Moscow.
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ONGC May Partner with Kuwait to Bid for Oil & Gas.
среда, 13 октября 2010 г.
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