Guyana expects to soon receive a proposal from India for long-term purchases of the South American country's oil, President Irfaan Ali said on Tuesday, a new attempt to reach a government-to-government deal potentially leading to better sale terms for Guyana.
"India has made it very clear that they have an interest in being one of the purchasers of Guyana's oil," said Ali in a press conference at the State House residence in Georgetown. "The technical teams will work and see what proposals India puts forward."
Ali traveled to India earlier this month, where he met with India's Petroleum Minister Hardeep Singh Puri and encouraged oil companies to participate in an incoming bidding round for crude and gas explorations blocks.
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