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India Offers $20 Million Credit to Burma to Revamp Refinery - 2005-01-12


India has offered a 20-million dollar line of credit to Burma to upgrade its oil and natural gas refineries.

India's Oil Minister Mani Shankar Aiyar made the offer in Rangoon at a meeting with Burma's Prime Minister Soe Win Tuesday.

The Indian official is in Rangoon for two days of talks with his Burmese and Bangladeshi counterparts on exploring the possibility of a gas pipeline from Burma to India. The talks are to end Thursday.

India is looking for more fuel as demands soar with rapid economic growth.

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