Tuesday, July 7, 2020
ADVT 
International

Modi's Houston Visit May Seal Major Energy Deal

Darpan News Desk IANS, 20 Sep, 2019

    Prime Minister Narendra Modi's upcoming agenda-heavy US visit may start a new phase of corporate relations between major energy companies of the two countries.

     

    According to industry sources, an energy major of India Inc may finalise a deal to pick up equity stake in a US-based Fortune 500 oil company. Reliance Industries (RIL), Adani, and Vedanta are among the companies with significant investment in the oil and energy segment.


    RIL, Vedanta Cairn or Adani may take up a stake in an American oil major, sources said.


    CEOs of 16 leading American companies will attend the roundtable with the Prime Minister in Houston on Saturday, including Baker Hughes, BP, Cheniere Energy, Dominion Energy, Emerson Electric Company, ExxonMobil, Perot Group and Hillwood, IHS Markit, LyondellBasell Industries, McDermott, Schlumberger, Tellurian, Total, Air Products, Vinmar International and Westlake Chemicals.


    Further, public sector oil companies including Indian Oil Corp are also likely to use the opportunity to strike oil supply deals, in the wake of the recent disruption in oil markets post drone attacks at Aramco's two oil processing units in Saudi Arabia.


    Modi will arrive in Houston on Saturday and head for the roundtable with the chiefs of the energy majors. He is also expected to meet top executives of various start-ups and encourage them to have a wide presence in India.


    On the bilateral level, he would discuss various trade pacts with his US counterpart. Besides cooperation in the field of defence and energy, the two countries are likely to discuss action-steps for higher trade and commerce.


    Modi will be in the US from September 21 to 27. He will participate in a rally of Indian-Americans in Houston besides addressing the UN General Assembly in New York.

     

    MORE International ARTICLES

    Tulsi Gabbard Welcomes PM Modi To US, Apologises For Skipping 'Howdy Modi'

    Tulsi Gabbard, a member of the Democratic Party of the United States clarified that she won't be able to present at the event due to prior commitments related to her scheduled presidential campaigns.

     

    Tulsi Gabbard Welcomes PM Modi To US, Apologises For Skipping 'Howdy Modi'

    Decomposed Body Found At Actor Nagarjuna's Farmhouse In Telangana

    According to police, the body was found on late Wednesday by few persons who were sent by the actor to examine the land and suggest a suitable crop for cultivation.

     

    Decomposed Body Found At Actor Nagarjuna's Farmhouse In Telangana

    UK Hit And Run Victim Kulvinder Kaur’s Grieving Family Racially Abused While Paying Respects At Scene Of Her Fatal Car Crash

    UK Hit And Run Victim Kulvinder Kaur’s Grieving Family Racially Abused While Paying Respects At Scene Of Her Fatal Car Crash

    Kulvinder Kaur died after being hit by a car on Cavendish Road in Walsall town last week and a 20-year-old man has since been charged with causing the 52-year-old woman's death by dangerous driving by West Midlands Police.

    UK Hit And Run Victim Kulvinder Kaur’s Grieving Family Racially Abused While Paying Respects At Scene Of Her Fatal Car Crash

    On Way Home, Punjab Youth Bajlit Singh Killed Shot Dead In Chicago, No Arrest So Far

    Robbers gun down Chhat village youth in Chicago, Intended to loot grocery store where 24-year-old victim worked

     

    On Way Home, Punjab Youth Bajlit Singh Killed Shot Dead In Chicago, No Arrest So Far

    Pakistan Fails To Cobble Up Numbers, Unable To Move Resolution On Kashmir At

    Pakistan Fails To Cobble Up Numbers, Unable To Move Resolution On Kashmir At

    But, since it failed to circulate a text to the UNHRC Secretariat by the deadline of 1 pm on September 19, it was clear that they could not find the requisite numbers.

     UN

     

    Pakistan Fails To Cobble Up Numbers, Unable To Move Resolution On Kashmir At

    Pakistan Fake Social Media Accounts Spread Lies On Kashmir

    Fake social media accounts, often emanating from Pakistan, continue to paint a grim picture of Jammu and Kashmir following the abrogation of Article 370.

     

     

    Pakistan Fake Social Media Accounts Spread Lies On Kashmir

    PrevNext