Venezuela, Saudi Arabia eye Indian oil sector

Oil exporters Venezuela and Saudi Arabia are interested in building refineries in India, where energy demand is soaring on the back of a robust economy, and participate in exploration, the Economic Times said on Thursday.

Venezuela’s state-run oil company, Petroleos De Venezuela SA (PDVSA), is exploring options to build a greenfield refinery in India and buy stakes in oil and gas fields in Krishna Godavari basin off India’s east coast, the newspaper said.
Arab Times