The Indian delegation to the World Petroleum Congress, led by petroleum secretary S C Tripathi, held a series of discussions with Chinese representatives on cooperation in the exploration and production side.
The Chinese side has invited India to forge a strategic partnership and wants the petroleum sector to be a part of it. The head of the Chinese delegation, Wang Tao, a former minister and now senior vice-president of World Petroleum Congress, said his country attached importance to cooperation with India since both the countries have made tremendous impact with their increasing demand.
The China National Petroleum Company in its presentation to the Indian
It said though some competition would continue to happen, there should be an attempt for partnership so that competition could be reduced. The other Chinese companies which were representated included Sinopec, Sinochem and China National Offshore Oil Company.
The Chinese side also stressed on transparency between the two countries while cooperating in the sector. During an hour-long meeting, the delegations also agreed to set out clear goals for future which would be achieved through timely exchanges.
India was also invited by Columbia to take part in the blocks both on Atlantic and Pacific side. The Columbian delegation, led by Armando Zamora Reyes, director general, Agencia National de Hidrocarbon, expressed its keenness on the Indian participation in exploration and production in their country.
