India, Colombia in pact for cooperation in energy sector
India and Colombia today signed an agreement for cooperation in the energy sector, including joint bidding for oilfields in the two countries as well as overseas.
By PTI |
NEW DELHI: India and Colombia today signed an agreement for cooperation in the energy sector, including joint bidding for oilfields in the two countries as well as overseas. The agreement was signed in the presence of visiting Colombian Minister for Energy and Mines Herman Martinez Torres.
The pact includes cooperation between India and Colombia in joint participation in all facets of hydrocarbon chain including exploration and production, transportation, marketing, refinery, LPG and LNG.
It also comprises joint participation of national oil companies of the two countries in exploration and development in Colombia, India and third countries, official sources said. ONGC Videsh Ltd already has stake in a producing field in Colombia and interest in three deep-water exploration blocks.
The pact includes cooperation between India and Colombia in joint participation in all facets of hydrocarbon chain including exploration and production, transportation, marketing, refinery, LPG and LNG.
It also comprises joint participation of national oil companies of the two countries in exploration and development in Colombia, India and third countries, official sources said. ONGC Videsh Ltd already has stake in a producing field in Colombia and interest in three deep-water exploration blocks.
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