India and Russia will study the possibility of shipping oil via the Northern Sea Route and pipeline, said a joint statement adopted on Wednesday after the Russian-Indian summit.
“The sides intend to develop cooperation in the field of geological prospecting and joint development of oil and gas fields in Russia and India, including shelf projects, to continue perfecting the delivery of energy resources from Russia to India, including based on a long-term agreement to import Russian crude, possibly using the Northern Sea Route and a pipeline system,” the statement read.
The statement stressed that energy was the key field of Russian-Indian cooperation, Sputnik said in a report. Read more
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