India Set To Increase Energy, Oil Cooperation With Uzbekistan, Azerbaijan

India and Azerbaijan have agreed to cooperate in several areas including oil & gas sector and Indian companies are set to play a greater role in the development of Azerbaijan’s rapidly expanding oil and gas industry. This was the result of a meeting last week between the President of Azerbaijan, Mr. Ilham Aliyev and the visiting Minister of State for Commerce, Shri Jairam Ramesh at Baku. At the end of a 45-minute discussion, Mr. Aliyev consented to ONGC Videsh and SOCAR, the state-owned oil and gas exploration company of Azerbaijan starting talks for cooperation for ONGC Videsh’s investments in hydrocarbon-rich Azerbaijan.

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