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Chevron, Exxon and Total keen to invest in India, says minister

NEW DELHI (Reuters) - Global energy majors Chevron Corp (NYSE:CVX), Exxon Mobil Corp (NYSE:XOM) and TotalEnergies are interested in investing in India's oil and gas...
Chevron, Exxon and Total keen to invest in India, says minister © Reuters. FILE PHOTO: The Chevron logo is pictured after the U.S. government granted a six-month license allowing Chevron to boost oil output in U.S.-sanctioned Venezuela, in Caracas, Venezuela, December 2, 2022. REUTERS/Gaby Oraa
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NEW DELHI (Reuters) - Global energy majors Chevron Corp (NYSE:CVX), Exxon Mobil Corp (NYSE:XOM) and TotalEnergies are interested in investing in India's oil and gas exploration and production sector, the country's oil minister said in a speech on Friday.

India, the world's third biggest oil importer and consumer, buys more than 84% of its oil needs from overseas and wants to quickly monetise its hydrocarbon reserves to reduce its dependence on costly imports.

"India is ready to explore opportunities for joint development production of oil and gas assets for mutual benefit and also invites investment in our domestic E&P (exploration and production) sector," Hardeep Singh Puri said.

The minister added that India aims to double the area under oil and gas exploration to 500,000 sq km by 2025.

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23-03-2023 22:07:26 (UTC+7)

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    EUR/USD 1.0892 Neutral  
    GBP/USD 1.2311 Sell  
    USD/JPY 131.26 ↑ Buy  
    AUD/USD 0.6719 Neutral  
    USD/CAD 1.3635 Sell  
    EUR/JPY 142.97 ↑ Buy  
    EUR/CHF 0.9955 Neutral  
    Gold 1,981.45 ↑ Sell  
    Silver 23.157 ↑ Sell  
    Copper 4.0990 ↑ Sell  
    Crude Oil WTI 71.20 ↑ Sell  
    Brent Oil 76.99 ↑ Sell  
    Natural Gas 2.240 Neutral  
    US Coffee C 174.38 ↑ Sell  
    Euro Stoxx 50 4,211.15 ↑ Buy  
    S&P 500 4,002.73 ↑ Buy  
    DAX 15,236.05 Buy  
    FTSE 100 7,525.40 ↑ Buy  
    Hang Seng 20,049.64 ↑ Buy  
    Small Cap 2000 1,771.15 ↑ Buy  
    IBEX 35 9,006.55 ↑ Buy  
    BASF 46.590 ↑ Buy  
    Bayer 56.03 Neutral  
    Allianz 207.52 ↑ Buy  
    Adidas 142.43 ↑ Buy  
    Lufthansa 9.896 Neutral  
    Siemens AG 144.73 ↑ Buy  
    Deutsche Bank AG 9.465 Neutral  
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