Belorusneft to start geologic exploration of oil fields in India

Jun 08, 2015 12:00 AM

The Belarusian industrial group Belorusneft and Oil India Ltd have signed a memorandum of understanding on cooperation in the area of geologic exploration of oil fields in India. The document was signed during the Belarusian-Indian business forum on 4 June, BelTA has learned.

“In the area of petrochemical industry a memorandum of understanding is being signed by Belorusneft and Oil India Ltd with a view to performing geologic exploration of oil fields in India,” Chairman of the Belarusian Chamber of Commerce and Industry Mikhail Myatlikov told.

The Belarusian-Indian business forum gathered about 100 people, including over 40 representatives of business circles of India. As part of the event a commemorative sign dedicated to cooperation of Belarusian and Indian specialists in reconstructing Grodno cogeneration plant No. 2 was unveiled.

A presentation of Belarus' investment opportunities, mechanisms of export lending, insurance, and leasing for the sake of exporting Belarusian products to India was arranged.

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