Goa, Feb. 9 -- India is actively pursuing a multi-year oil purchase deal with Guyana while considering acquiring stakes in the country's exploration areas, as announced by Vickram Bharrat, Guyana's Minister for Natural Resources on Thursday.
Bharrat disclosed this information during the India Energy Week event in Goa, indicating India's intention to broaden its crude oil supply base.
However, any agreement would necessitate approval from Guyana's cabinet, underscoring the importance of diplomatic and governmental channels in such ventures.
The proposal aligns with India's ambitions to broaden its crude oil supply network, given its status as the world's third-largest oil importer and consumer.
Earlier this month, India endorsed a fi...