Petroleum Minister Dharmendra Pradhan to lead oil, gas team to Colombia, Mexico
Petroleum Minister Dharmendra Pradhan will lead an Indian delegation to Mexico and Colombia from Monday to strengthen mutual cooperation in hydrocarbons aimed at augmenting India's energy security, the petroleum ministry said.
Shri Pradhan will meet his counterparts as well as leaders of the hydrocarbon industry in both the Latin American countries. The Indian delegation comprises senior Ministry officials, Chairman of IndianOil, Managing Director of ONGC Videsh Ltd., and Senior official from Director General of Hydrocarbon.
The visit of the Indian delegation is important in the wake of the economic and demographic growth of India, which has caused a spurt in its energy requirements necessitating increased imports and energy partnerships with important hydrocarbon producing countries. Mexico and Columbia are very important economic and energy partners of India in this context. ONGC Videsh has 7 oil and gas blocks in Colombia and India imports about 10 Million Metric Ton of crude oil from these two countries