MOSCOW. (Igor Tomberg for RIA Novosti) -...
visit "will open up opportunities for both companies to work together in Russia, India, and third countries."Indian Prime Minister Manmohan Singh expressed his government's readiness to offer Russian companies an opportunity to take part in Indian oil-and-gas projects. For the time being, foreign companies are not happy about their involvement in oil production in India - the local oilmen prefer not to put promising deposits into foreign hands. For this reason, Rosneft is likely to limit its interests in India to oil refining projects. The Indians, like the Chinese, will have to allow Rosneft to take part in the distribution of oil products on the domestic market if they want access to assets in Russia.
Rosneft could invite its Indian partner to participate in shelf projects if it provides the financing. Similarly, Chinese CNPC was offered to take part in Russian Arctic shelf projects on the same terms.
One more Russian-Indian project in the energy field
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