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Vol 3 (AAC) No 2

Published 1st December 2009

Grease for the wheels of friendship

At the India-Africa Hydrocarbon Conference in Delhi on 8 December, External Affairs Minister S.M. Krishna preached the benefits of 'a close alignment on major international issues and an abundance of socio-political goodwill'. Some 15 African countries, including Algeria, Angola, Benin, Egypt, Gabon, Nigeria and Sudan, participated in the conference, a much smaller turnout than at the November 2007 inaugural meeting. Addressing the conclave, Petroleum Minister Murli Deora said Delhi was eager to participate in new opportunities in Angola, Ghana, Sudan, Nigeria, Uganda and Côte d'Ivoire. India's hydrocarbon consumption has grown at an average rate of 3.5% for the last decade and is expected to double by 2020. Deora said Delhi's firms are interested in 'farm-in' activity in Libya, Algeria and Egypt. Dehli also offered expertise in laying oil and gas pipelines, establishing liquefied petroleum gas terminals and depots, and marketing and distribution.

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