Russia to oil India ties

Dec 20, 2010 |

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New Delhi, Dec. 19: India and Russia are likely to sign a number of agreements in the defence, civil nuclear cooperation, space and economy sectors after the Russian President, Mr Dmitry Medvedev, holds talks with the Prime Minister, Dr Manmohan Singh, here on Tuesday.

The ministry of external affairs (MEA) spokesperson, Mr Vishnu Prakash, said the two sides will also look at ways to expand cooperation in the field of hydrocarbons. He described the bilateral cooperation in civil nuclear cooperation and hydrocarbons as the “twin pillars” of the long-term strategic partnership. “India is a large consumer and Russia a large producer of hydrocarbons. Russia is looking for an assured buyer and India needs a stable supplier,” he said.

The Russian ambassador to India, Mr Alexander M. Kadakin, had recently indicated that the two sides are expected to sign over two dozen pacts.

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