(a) whether the Government have any long term plan to purchase oil and natural gas from
Gulf countries;
(b) if so, the details thereof;
(c) whether the Government have entered into any agreement with any foreign country;
and
(d) if so, the details thereof?
MINISTER OF STATE IN THE MINISTRY OF PETROLEUM & NATURAL GAS AND MINISTER OF STATE IN THE MINISTRY OF PARLIAMENTARY AFFAIRS (SHRI SANTOSH KUMAR GANGWAR)
(a) & (b): While Government has taken numerous initiatives for securing long term
supply of LNG and natural gas from Iran, Oman and Qatar, crude oil requirement for PSU refineries are procured through term contracts on a year to year basis from Middle-East Countries at their Official Selling Prices.
(c) & (d): Details of term contracts for crude oil proposed to be entered into with the
national oil companies of gulf countries by the Public Sector Oil Companies for the year 2002-03 are as follows:-
Fig. in MMT
Country/Company Term Volume
Saudi Arabia 9.7 Kuwait 7.5 Abu Dhabi 3.5 Yeman 2.3