India wants S Korea as oil investor

India on Monday invited South Korean oil companies to invest in the country’s upstream and refining sector and also work jointly to explore opportunities in other countries as well.

“We have invited them to invest in India both in upstream and refining and especially in export-oriented refining. I have suggested that working together in India is perhaps the best way of establishing those contacts that will enable us to work together in third countries,” Indian Petroleum Minister Mani Shankar Aiyar said after over an hour-long meeting with South Korean Foreign Minister Ban Ki Moon in New Delhi.

Asia Times