The Hindu Business Line : Indian team to visit China to explore energy cooperation

INDIA would look at joining hands with China for acquiring oil and gas properties in third countries, particularly in the Caspian region, Central Asia, Africa and Latin America, the Additional Secretary (International Cooperation), in the Ministry of Petroleum and Natural Gas, Mr Talmiz Ahmad, said here on Friday.

Till now the two countries have been competing with each other for acquiring properties abroad.

Mr Ahmad is leading a high-level delegation on a five-day visit to China next week to explore opportunities for cooperation in their pursuit of securing energy security.

Oil strategy of India and China were similar, with both having similar concerns of energy security. Both countries are acquiring energy assets abroad.

Besides, they countries have substantive exploration programmes within their respective countries and are engaged in trans-national pipeline construction. "We see in this similarity of approach, the possibilities of bilateral cooperation," he said.

He also said that cooperation in exploration and production of oil and gas in the respective countries and related downstream activities such as refining and natural gas would also be explored.

"The Petroleum Minister, Mr Mani Shankar Aiyar, will pay a visit to China in early November and this visit is to prepare ground for his visit," he said.

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