India, China should jointly bid for oil, gas fields: Beijing media

India, China should jointly bid for oil, gas fields: Beijing media

China and India should jointly bid for contracts to acquire overseas oil and gas fields to reduce competition and strengthen cooperation in investments in energy technologies, Chinese media said today.

China and India “can jointly bid for contracts to acquire and develop overseas oil and gas resources,” an article in the state-run Global Times said.

Compared with international oil giants, Chinese and Indian oil companies are still behind in terms of management, technology and capital strength, it said.

“Cooperation between Chinese and Indian firms would allow them to gain bargaining power in negotiations in the international oil and gas market,” it said.

It also proposed that China and India could strengthen cooperation in investments in energy technology and products. Read More…

Credit By : Economictimes.indiatimes.com

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