M a r k e t N e w s

India, Mozambique sign oil and gas cooperation MoU

Posted on : Monday, 1st December 2014

 India’s Minister of State for Petroleum and Natural Gas Dharmendra Pradhan met with Oldemiro Julio Marques Baloi, Mozambique’s Minister of Foreign Affairs in New Delhi.

The two sides discussed various areas of mutual cooperation in the energy sector. Pradhan said that both the countries have traditional links which have grown from strength to strength over the years. He added that Indian public sector companies have participating interest in Mozambique’s gas fields and sought cooperation from the Government of Mozambique in this regard.
During the meeting, an MOU was signed between India and Mozambique on cooperation in the field of oil and gas for five years. The objective of the MOU is to enhance bilateral cooperation on the basis of equality and mutual benefit.

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