(a) whether Indian Oil Companies are in great demand in foreign countries;
(b) if so, the number of countries with which agreements have been signed for setting up oil refineries;
(c) whether any foreign investments have been/are being made with the help of the Indian Oil Companies in the country; and
(d) if so, the number and total value of deals finalized by the Public Sector Oil
Companies during the current year?
MINISTER OF STATE IN THE MINISTRY OF PETROLEUM & NATURAL GAS (SHRI DINSHA PATEL)
(a) & (b) Indian Oil Corporation Limited (IOCL) and Government of Edo State, Nigeria
signed a memorandum of understanding on 10.9.2004 for setting up a grass-root oil refinery
in Edo state. IOCL has also executed a memorandum of understanding with Calik Enerji,
Turkey for setting up a 15 MMTPA grass-root refinery at Ceyhan, Turkey in November,
2005.
(c) & (d) During the current year, IOCL, HPCL, GAIL and GSPC are participating in two
domestic upstream projects under NELP-VI round with Petrogas of Oman as the operator
with 20% participating interest being held by each of them.