Menu Close

Africa India Partnership in Hydrocarbons

1 Africa India Partnership in Hydrocarbons Ashok Dhar Sr. Vice President, IBD Reliance Industries Ltd. India 11 th African Oil and Gas, Trade and Finance Conference Nairobi, 23-25 May 2007 NOT AN OFFICIAL UNCTAD RECORD 2 2 Africa and India Geographical Proximity and Historic ties Abundance of natural resources –Oil’s increasing importance –Economic advancement by exploiting natural resources –Importance for world economy, Oil Exports –Destination for FDI, Knowledge and Technology Africa accounts for about 11% of world oil production and 7% of reserves Africa accounts for about 6% of NG production and 8% of NG reserves Traditional trade partners High priority for rejuvenation of trade ties We are striving for economic progress of our people Click here for more details