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V.Putin and N.Modi vow to boost cooperation in oil & gas sector

04 September 2017 , 17:26Neftegaz.RU473

Prime Minister Narendra Modi on September 4, 2017, held talks with Russian President Vladimir Putin and discussed ways for boosting bilateral trade and investment, especially in the oil and natural gas sector.


The 2 leaders met in this southeastern Chinese city on the sidelines of the BRICS Summit.

Cementing the already well-established relations, the 2 sides signed at BRICS 2016 the Programme of Cooperation (PoC) in the Field of Oil and Gas for the period 2017-18.


The meeting between Modi and Putin came 3 months after they met in St Petersburg in June for the annual India-Russia summit, and at the SCO meeting in Astana the same month where India was made a permanent member of the organisation.


At the St Petersburg summit, the 2 sides signed an agreement for building Units 5 and 6 of the Kudankulam nuclear power plant in Tamil Nadu, and decided to give new direction to their defence cooperation.


«The 2 sides basically touched upon several aspects of the bilateral relationship. President Putin recalled prime minister’s visit to Russia earlier this year. And, he thanked the prime minister for high-level participation from India at the Eastern Economic Forum,» External Affairs Ministry spokesperson Raveesh Kumar told reporters.


Raveesh Kumar said that during the Modi-Putin meeting several bilateral issues were discussed like the cooperation in the oil and natural gas sector.

Russia proposed creating a platform to conduct research in the energy sector for BRICS member-states.

Russian Energy Minister Alexander Novak said today: «The Russian side has stressed the importance of strengthening energy dialogue among the 5 countries, and proposed to create a platform for BRICS energy research, which will entail sectoral, analytical and scientific exchanges.»



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