Dhaka, Thursday, June 21, 2018 01:01 AM   
     
Home Energy BD Energy World Green Energy Opinion Interview Environment Business Others Archive
LATEST >
বাংলা সংস্করণ
   
India keen on joint development of oil, gas blocks in Qatar

India on Sunday evinced interest in joint exploration of new oil and gas fields as well development of discovered assets in resource-rich Qatar as the two countries decided to focus on enhancing cooperation in the energy sector.

India also invited Qatar to invest in the country`s exploration and production sector by bidding for the blocks under the new `Hydrocarbon Exploration and Licensing` Policy and take part in disinvestment of Indian PSUs.

An MoU was signed with Qatar Investment Authority for facilitating Qatari investment in the Rs 40,000-crore National Investment and Infrastructure Fund.

India "highlighted the interest of its energy companies to pursue opportunities of mutual interest in Qatar, with Qatar Petroleum and other companies, in order to jointly explore new fields as well as development of discovered oil and gas assets and exploit the existing resources of natural gas and crude oil in Qatar," said a joint statement issued after wide-ranging talks between Prime Minister Narendra Modi and Emir of Qatar Sheikh Tamim bin Hamad Al-Thani.

"The two sides agreed to focus on enhancing cooperation in energy, covering the areas of training and human resources development and cooperation in research and development and through promotion of joint ventures in petrochemical complexes and cooperation in joint exploration in India and other countries," the statement said.

India invited Qatar to participate in the second phase of the strategic reserves storage facility being created in India, the statement said.

The leaders also deliberated upon the need for strengthening bilateral cooperation in the financial services sector, including banking, insurance and capital markets.

"They decided to expand cooperation between the financial institutions of the two countries like Securities and Exchange Board of India and the respective central banks," the statement said.

Qatar is the largest supplier of LNG and LPG to India.

The two sides also discussed various avenues for Qatari investments in India, particularly in different asset classes and various infrastructure sectors as well as disinvestment of Indian PSUs.

The leaders agreed to increase the level of participation in infrastructure projects in both countries.

An MoU was also signed between Qatar Investment Authority and External Affairs Ministry for investment in National Investment and Infrastructure Fund between the two countries that would facilitate foreign investment from the gas-rich Gulf state, the statement said.

The two countries agreed on regular and timely exchange of information on available investment opportunities, it said.

Print Friendly and PDF

   You may also like

Category: Regional
India’s state power plants resume coal imports amid domestic shortages

Category: Regional
How India faces heat as global oil boils

Category: Regional
India keen on alliance with China, Japan, Korea to bargain for better oil deals

Category: Regional
Adani builds coal-fired power plant in India to send energy to Bangladesh

Category: Regional
Rosatom to train Indian engineers at a jointly set up centre in Ranchi

Category: Regional
Solar power price slump casts shadow on India`s green future

Category: Regional
Russia signs agreement with India for construction of the third phase of Kudankulam nuke plant

Category: Regional
India becomes 2nd largest LPG importer

Category: Regional
Myanmar-China oil pipeline nears start-up
     
    RECENT STORIES   MOST READ
    FOLLOW US ON FACEBOOK
    Recent Regional Stories
India’s state power plants resume coal imports amid domestic shortages
How India faces heat as global oil boils
India keen on alliance with China, Japan, Korea to bargain for better oil deals
Adani builds coal-fired power plant in India to send energy to Bangladesh
Rosatom to train Indian engineers at a jointly set up centre in Ranchi
Solar power price slump casts shadow on India`s green future
Russia signs agreement with India for construction of the third phase of Kudankulam nuke plant
India becomes 2nd largest LPG importer
Myanmar-China oil pipeline nears start-up
IEA ties with India continue to strengthen


Explore the energynewsbd.com
Home
Energy World
Opinion
Environment
Others
Energy BD
Green Energy
Interview
Business
Archive
About Us Contact Us Terms & Conditions Privacy Policy Advertisement Policy

   Editor & Publisher: Aminur Rahman
   Copyright @ 2015-2018 energynewsbd.com
   All Rights Reserved | Developed By: Jadukor IT