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By Neil Marks

GEORGETOWN, Jan 17 (Reuters) – Guyana expects to quickly obtain a proposal from India for long-term purchases of the South American nation’s oil, President Irfaan Ali stated on Tuesday, a brand new try to succeed in a government-to-government deal probably main to higher sale phrases for Guyana.

Guyana’s authorities is entitled to a share of crude produced off the nation’s coast by a consortium led by Exxon Mobil Corp . In 2022, Ali’s authorities obtained a complete of 13 cargoes of crude, and it expects to obtain and export 17 cargoes this yr, the finance minister stated earlier this week.

“India has made it very clear that they have an interest in being one of the purchasers of Guyana’s oil,” stated Ali in a press convention on 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, the place he met with India’s Petroleum Minister Hardeep Singh Puri and inspired oil firms to take part in an incoming bidding spherical for crude and fuel explorations blocks.

India’s ONGC Videsh

is contemplating a bid for among the 14 areas on provide,

and refiner Indian Oil Corp is also trying to work in Guyana in collaboration with ONGC Videsh, two folks near the talks informed Reuters.

Guyana and India in 2021 failed to succeed in an settlement for direct gross sales of Guyana’s candy crude to Indian state refiners. (Reporting by Neil Marks; writing by Marianna Parraga)