India wants to invest in oil, gas and ports

by admin
Aug 3, 2012

Visiting the island of Sri Lanka, India's Commerce minister, Anand Sharma, said that India hoped to invest in ports, and the exploration of oil and gas.

Following India's pledge to establish an economic zone in Trincomalee district, Sharma said,

“Also they are wiling to be a major partner in oil and gas exploration. An offer has been given by ONGC Videsh Ltd. Also IOC is keen to develop oil refinery here".

His comments come days after Sri Lanka's Petroleum Industries minister denied a deal with Indian Oil Corporation (IOC).

Anyhow, what ever happened to those 50,000 houses?

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