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Article Summary
- India's Prime Minister Modi emphasizes the importance of Guyana's crude oil for India's energy security
- Guyana's potential to become a significant player in the global oil market
- India's interest in diversifying its sources of crude oil imports
- The impact of Guyana's oil production on global energy dynamics
- Potential opportunities for collaboration between Guyana and India in the energy sector
- The tone of the article is informative and forward-looking, highlighting the strategic importance of Guyana's crude oil for India's energy security.
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Indias PM Modi Says Guyana Crude Is Key For Indias Energy Security
Two weeks ago, U.S. oil and gas giant, Exxon Mobil Corp. (NYSE:XOM) announced it had reached 500M barrels of oil produced from Guyana's offshore Stabroek block, just five years after it kicked off production at the location. According to Exxon, the first three projects--Liza Phase 1, Liza Phase 2 and Payara--are already pumping more than 650K bbl/day. The Exxon-led consortium which includes Hess C...
https://oilprice.com/Energy/Crude-Oil/Indias-PM-Mo...
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