During Petroleum and Natural Gas Minister Dharmendra Pradhan's recent visit to Mozambique, the two countries discussed all issues related to the existing investment, an official statement said here on Saturday.
The ways to expand the relationship in other areas of oil and gas sector were also discussed, the statement said.
"It was agreed that there is scope for expanding cooperation in several areas of mutual interest," it said.
Pradhan was on an official visit to Mozambique between April 9-10.
Besides meeting his counterpart , the Minister of Mineral Resources & Energy Pedro Couto, Pradhan also met Foreign Minister Oldemiro Baloi and called on Prime Minister Agostino Rosario.
Following his meetings, Pradhan tweeted: "Met with Prime Minister of Mozambique; he was Ambassador in India for 6 years & has been a good friend of India."
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"Had a fruitful meeting with Energy Minister of Mozambique in Maputo; it was agreed to deepen & diversify energy ties. Mozambique is very rich in natural gas & coal; Indian companies have made good investments over there," his tweets added.
"Had a fruitful meeting with Foreign Min of Mozambique; had signed MoU on energy cooperation with him in Delhi in Nov14," Pradhan said in another tweet.
Three Indian public sector undertakings - ONGC Videsh, Oil India Ltd and Bharat Petroleum - have already invested in a gas block, Rovuma Area 1 in offshore Mozambique.
"This is one of the largest investment of India in any single hydrocarbon asset abroad," the statement said.
Top representatives of ONGC Videsh, Oil India Ltd, Bharat Petroleum, GAIL, SAIL and senior officials of the Ministry of Petroleum & Natural Gas accompanied the minister.
A Confederation of Indian Industry delegation of Indian businessmen with expertise in the oil and gas sector also went.