Dharmendra Pradhan holds telephonic discussion with Russian Energy Minister

NPnews24 Online New Delhi: Minister of Petroleum & Natural Gas and Steel Dharmendra Pradhan on late Wednesday had a telephonic conversation with Alexander Novak, Minister of Energy, Russian Federation.

Both the ministers deliberated upon the way ahead to further strengthen India-Russia energy co-operation and in making hydrocarbon sector an important pillar of India-Russia Special and Privileged Strategic Partnership.

During the telecall, Pradhan conveyed his concern on the growing crude oil price volatility during the last few weeks and also urged Russia to continue to play a balancing role in its engagement with OPEC countries by taking into account the interests of consuming countries.

The ministers reviewed the investments in hydrocarbon sector recognising that India and Russia are one of the largest investors in each others’ hydrocarbon sector.

Pradhan also conveyed India’s interest to further enhance footprints in the Russian E&P sector.
The petroleum minister also invited Russian oil and gas companies to invest in building gas infrastructure in India and in the expansion of city gas distribution networks.

The ministers from both the countries agreed to work closely in the coming months to develop a more comprehensive hydrocarbon engagement keeping in view a long-term perspective.