Companies & Finance

Foresight Group to invest $500 mln in Indian oil and gas

Foresight Group has announced it will invest $500 million in India over the next five years in upstream oil and gas projects
By Staff reporter 27 November 2018 0 33463

UK-based based Foresight Group has announced it will invest $500 million in India over the next five years in upstream oil and gas projects as well as in LNG facilities, according to The Economic Times.

The company has decided to invest $250 million in developing LNG infrastructure in India as part of the government’s Sagar Mala project, a programme that aims to boost India’s maritime sector. Foresight has invested $600 million in offshore drilling over the past three years.