Modi’s Houston visit may seal major energy deal

Today's Latest

The BJP is projected to win big in Haryana and Maharashtra

New Delhi, Oct 18 (IANS) The BJP is projected to get a landslide victory in Haryana and a big majority...

Special trains launched by Northern Railway this festival season

New Delhi, Oct 19 (ANI): Anticipating the extra rush of passengers during the festive season of Diwali and Chhath...

India will host 91st edition of Interpol General Assembly in 2022

New Delhi, Oct 18 (IANS) India will host the 91st General Assembly of Interpol in 2022 as part of the...

Popular Today

The BJP is projected to win big in Haryana and Maharashtra

New Delhi, Oct 18 (IANS) The BJP is projected to get a landslide victory in Haryana and a big majority...

FATF keeps Pak in grey list, hands 4-month lifeline

Paris/Islamabad, Oct 18 (IANS) The Financial Action Task Force (FATF) on Friday formally announced that Pakistan will remain on its...

Indian audience is now more open to diverse content: Ayushmann

Mumbai, Oct 18 (IANS) Actor Ayushmann Khurrana feels the Indian audience is now more open to diverse content, and says...
India Updates
India Updates is an independent news & Information website. Follow us for regular updates on News and Information.

Modi to hold 20 bilaterals in New York, Kashmir won't figureNew Delhi, Sep 20 (IANS) 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.

- Advertisement -

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

Taking care of first-class cricketers is on top of the list: Ganguly

Mumbai, Oct 14 (IANS) Taking care of first-class cricketers and setting the house in order is among the top of...

Special trains launched by Northern Railway this festival season

New Delhi, Oct 19 (ANI): Anticipating the extra rush of passengers during the festive season of Diwali and Chhath in the northbound trains, the...

India will host 91st edition of Interpol General Assembly in 2022

New Delhi, Oct 18 (IANS) India will host the 91st General Assembly of Interpol in 2022 as part of the platinum jubilee celebration of its...

Vodafone Germany and EHang will build flying auto taxis

Berlin, Oct 18 (IANS) Vodafone Germany on Friday announced a deal with Chinese autonomous air taxis company EHang to collaborate on building an urban air...

Aviation Ministry reviews progress on Air India sale

New Delhi, Oct 18 (IANS) Moving fast on the proposed sale of Air India, the parent Civil Aviation Ministry on Friday reviewed the progress made...

More Articles Like This