Tri-State Oil, Natural Gas Trade Mission Scheduled with India

Article excerpt

A tri-state oil and gas trade mission to India, an effort to establish business opportunities in that marketplace, is scheduled for March 18 to April 1, according to Oklahoma Secretary of Commerce Don Paulsen.

The trade mission is being sponsored by the Oklahoma District Export Council, Oklahoma International Export Services and the United States and Foreign Commercial Services district offices in Texas and Louisiana.

"India is extremely attractive to oilfield industries because it has continued its aggressive exploration and drilling activities, despite the collapse of petroleum prices," said Paulsen.

"Oklahoma has been a leader in establishing strong business opportunities in the India marketplace and we are pleased that our international trade office in New Delhi will be coordinating the mission," he continued.

The mission, Paulsen said, is apparently the first of its kind.

Oklahoma has made some progress in creating business deals in India in recent years, especially since Gov. George Nigh set up a state office in India in 1986.

Last September, Corken International Corp. of Oklahoma City announced it was planning a joint venture with Crompton Graves Ltd. of Bombay to establish a new company. Plans for the new company call for manufacture of Corken liquified petroleum gas products for sale in India.

Those attending the trade mission will travel to New Delhi, Calcutta, Madras and Bombay. Meetings will be arranged with representatives of the government-owned oil company, Oil India Ltd., and members of India's Oil and Natural Gas Commission, as well as with private contractors and suppliers. …