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Equinor sets up office in New Delhi to support oil marketing, trading

Reuters  |  SINGAPORE 

(Reuters) - Norway's said on Friday it is setting up an office in India's capital partly to support its marketing and trading activities.

The company expects to appoint a soon, Equinor's said in an e-mail to

"It will not be a dedicated trading office as such but the office will also support our marketing and trading activities for crude, LPG (liquefied petroleum gas) and other products towards the Indian market," he said.

is the world's third largest importer and it overtook as the world's second largest LPG importer in 2017.

Equinor's Senior Vice President for trading and marketing, Tor Martin Anfinnsen, said in last year that the company was opening an office in and its first office in by early 2019 as it expands its presence in

Besides marketing its from Europe, and the to Asian customers, also trades oil from and the

In November, struck a deal to build and operate an LPG terminal at Port Klang, The terminal could start operating in mid-2021, enabling Equinor to sell LPG to south and southeast Asian countries.

(Reporting by Florence Tan; Editing by Subhranshu Sahu)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, January 11 2019. 14:46 IST