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Power Today Magazine | Vietnam oil blocks promising

Vietnam oil blocks promising

Oil prices down as US stocks surge
Demand Incentives of Over Rs 3 billion Extended Since FAME Rollout

News Brief  /  October

The oil blocks offered to India by Vietnam seem promising, according to initial studies, and should not present a problem as they are well in the southeastern Asian country's territorial waters, Petroleum and Natural Gas Minister Dharmendra Pradhan has said. He also said Vietnam can become a big market for fibre yarn, a by-product of India's petrochemical sector, with garments and textiles one of the focus areas as the two countries seek to reach a target of $15 billion by 2020.

Tags Cloud
  • Oil Blocks
  • Territorial Waters
  • Petroleum
  • Natural Gas
  • Dharmendra Pradhan
  • Vietnam
  • Petrochemical
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