Oman welcomes Indian investment, joint ventures
New Delhi, Jan 12 (IANS) With the easing global oil prices, Gulf countries like Oman look forward to investment from India and joint ventures with Indian firms.
'We welcome investment from Indian companies and also an arrangement where Indian companies can form join ventures with our companies,' Oman Oil and Gas Minister Mohammed Bin Hamad Al-Rumhy told reporters on the sidelines of the Petrotech 2009 conference here Monday.
Referring to the gloomy global economic outlook, he said, 'it is important that in this time oil companies do not lose focus on investment'.
He said contrary to popular belief, producers are as concerned about the energy scenario as anyone else.
'This resource is finite and is going to run out. There will be no producers and no consumers then,' he said.
He also said his country supported the development of alternative energy.
Today speculation drives oil prices depending on many factors including geo-political reasons and 'if we share information effectively, drivers of speculation will be limited', he added.
Read More: Oman | Delhi | New Delhi Gpo | New Delhi Ho | Delhi High Court | Delhi Gpo | Delhi Sadar Bazar | Chirag Delhi | South Delhi Campus | Delhi Engg. College | Hamad | Indian Press | Matri Indian Antartic Station | Indian Institute Of Technology | Indian Research Po | Indian Nation | Indian School Of Mines | Mon | Indian Rail | Central Institute of Indian Language | Janata Dal (United) information | IGNOU Delhi
CBI official investigating coal scam arrested for taking bribe
May 18, 2013 at 1:00 PM
IPL SPOT FIXING: AJIT CHANDILA TRIED TO ROPE IN 2 MORE PLAYERS
May 18, 2013 at 12:54 PM
I MADE A MISTAKE AND PAID A PRICE FOR IT- RANBIR KAPOOR
May 18, 2013 at 12:43 PM