India eyes oil, gas in Uzbekistan, Azerbaijan

Indian state-run firms will scout for oil and gas assets in Uzbekistan and Azerbaijan during a weeklong visit by junior commerce minister Jairam Ramesh from Tuesday, the government said. ONGC Videsh Ltd, the overseas investment arm of Oil and Natural Gas Corp has identified some prospects in Azerbaijan, it said in a statement on Monday.

Gas transportation firm GAIL (India) Ltd has identified four natural gas exploration and production blocks in Uzbekistan, it said.

DailyTimes