Mani Shanker Aiyer, Union Minister for Petroleum & Natural Gas and Panchayati Raj Visits XIMB

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Speaking on long-term plans, he spoke about plans to import oil from Russia within a decade's time. A tripartite deal to import natural gas from Burma through Bangladesh also formed his long-term vision. "Diversifying our oil imports would mean that we are in a better position to meet our demands in case of emergencies."
He also hinted that he would try to form Asian energy blocks consisting of countries that have high oil consumption that would manage to negotiate favorable oil prices from different producers.

He stressed on increased co-operation between domestic oil companies, so that India could leverage optimally on the overseas investments in oil fields across the world.

Concluded.

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Contributed by -
Ayon Mitra,
The XIMB Media and PR Cell,
XIM, Bhubaneswar.