Question : IMPORT OF CRUDE OIL FROM ANGOLA



(a) whether India has shown its keenness to source more crude oil from Angola, and has also expressed interest in acquiring oil and gas assets in that country;

(b) if so, the details thereof;

(c) whether both the countries had a bilateral meeting to discuss this issue;

(d) if so the details and outcome thereof; and

(e) the total quantity of crude oil being imported from Angola at present?

Answer given by the minister


MINISTER OF STATE IN THE MINISTRY OF PETROLEUM & NATURAL GAS(SHRI JITIN PRASADA )

(a) & (b): National Oil companies including ONGC Videsh Limited (OVL) have shown interest in acquisitions of oil & gas projects in Angola depending upon techno-economic studies and the commercial viability of such projects.

(c) & (d): A Memorandum of Understanding (MOU) was signed between the Ministry of Petroleum and Natural Gas and Ministry of Petroleum of Angola for promoting bilateral cooperation in the oil & gas sector. The area of cooperation includes the following:

# Augmenting supply of crude oil and exploring possibility of supply of Liquefied Natural Gas (LNG) from Angola.
# Participation in Exploration & Production (E&P) of hydrocarbon resources in onshore and offshore blocks in Angola.
# Assist in the development of refining and natural gas infrastructure in Angola on commercial principles.
# Training programmes for Angolan technical personnel in E&P and refining activities.

(e) The total quantity of crude oil imported from Angola during 2009-10 is 8.993 Million Metric tonnes (MMT).