India on Wednesday invited Russian companies to invest in its oil refining and petrochemical projects as the two nations vowed to increase energy cooperation going beyond LNG supplies and stakes in Russian oil and gas fields.
Indian state-owned firms have stakes in four sets of oil and gas fields in Russia and they will continue to look at investing in producing fields in the resource-rich nation, said a joint statement issued after Prime Minister Narendra Modi’s annual bilateral summit with Russian President Vladimir Putin here.
