India, Indonesia to cooperate in oil, coal sectors: Goyal


India, Indonesia to cooperate in oil, coal sectors: Goyal

India and Indonesia have agreed to explore cooperation in areas like oil, coal, electricity and energy efficiency, power minister Piyush Goyal said.

“Two sides have agreed to explore cooperation in number of areas such as upgrading of refineries in Indonesia, relocation of gas-based plants from India to Indonesia, sharing of experience in use of LEDs and renewable energy in India, sharing the expertise of Indonesia in gasification of fuel oil, exploration of oil, gas and coal fields,” Goyal said.

The MoU seeks to establish an institutional framework to facilitate and enhance bilateral cooperation in the field of oil and gas.

India is the third largest importer of coal from Indonesia. India’s imports of coal from Indonesia amounted to $3.5 billion in 2016.
Several Indian companies have invested in coal mines in Indonesia. The bilateral trade between the two countries stood at $15.90 billion in 2015-16 with Indonesia’s export to India amounting to $13.06 billion and India’s exports to the country at $2.84 billion. Read more

Credits: timesofindia.indiatimes.com

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