Indian Prime Minister Narendra Modi states his federalgovernment views the South American nation of Guyana as secret to its energy security
ByBERT WILKINSON Associated Press
November 21, 2024, 2: 38 PM
GEORGETOWN, Guyana — Indian Prime Minister Narendra Modi stated Thursday throughout a goto to Guyana that his federalgovernment views the South American nation as secret to its energy security.
Modi spoke a day after his foreign minister stated India is interested in purchasing up to 2 million barrels of crude from the oil-producing country where large deposits of oil and gas were discovered offshore almost a years earlier.
Addressing a unique sitting of Parliament at the end of his two-day journey, Modi stated he views Guyana as an crucial energy source and that he prepares to motivate big Indian companies to invest in the nation.
Guyana produces about 650,000 barrels a day of sweet, light crude oil from 3 oil fields, with production anticipated to ramp up to more than one million barrels day-to-day, with production at 3 more oilfields slated to start in the next 3 years.
On Wednesday, External Aff