India seeks 36% hike in oil supplies from Nigeria

India today sought a 36 per cent increase in crude oil supplies from oil-rich

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Nigeria and also talked of importing liquefied natural gas (LNG) on long term contracts.

Oil Minister S Jaipal Reddy told visiting Nigerian Foreign Minister Henry Odien Ajumogobia that India's annual requirement of Nigerian crude oil would be around 18 million tonnes from 2012-13.

India imported 13.2 million tonnes of crude oil from Nigeira in 2009-10.

"Nigeria supplies 12-13 per cent of your requirement," Ajumogobia told reporters after meeting Reddy. "We support higher exports to India."

Reddy said India was interested in tying up LNG imports from Nigeria immediately as the country's requirement for LNG is projected to go up by 12 to 15 million tonnes a year in the foreseeable future.

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