(EnergyAsia, November 1 2010, Monday) — India is interested to participate as a co-investor in Ghana’s booming upstream oil and gas sector.

Officials from both sides are following up on the September meeting that India’s commerce and industry minister Anand Sharma held with Ghanaian President John Evans Atta Mills and his ministers during his visit to the West African country.

Ghana holds an estimated 1.6 billion barrels of newly discovered oil reserves which India will be keen to help develop.

Mr Sharma also wants Ghana to supply natural gas for a 1.15-million-ton-per-yearammonia-urea fertiliser plant in India.

In return, the Ghanian government has asked for India to help developing the country’s information technology and oil and gas engineering skills. India is exploring investing in Ghana’s free trade zones.