China Signed an MOU for Oil Cooperation with India

January 2006
China Chemical Reporter;1/26/2006, Vol. 17 Issue 3, p10
Trade Publication
The article reports that China and India has signed a memorandum of understanding (MOU) that aims at energy cooperation. The memorandum will ensure secure energy supplies and stable Asian energy market. The two countries will cooperate on issues related to upstream exploration and production, refining and marketing of petroleum products and petrochemicals, research and development of gasohol, and promotion of energy utilizing efficiency. The MOU will also allow trades in oil and joint bidding in third countries that will further help both nations reduce the burden on the exchequers.


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