Among range of issues discussed between India and Qatar during the bilateral meetings here today, were the issues pertaining to enhanced energy cooperation between the two countries, which would benefit them mutually.
In a joint statement issued after the meeting of Prime Minister Narendra Modi and Emir of Qatar Sheikh Tamim Bin Hamad Al Thani, the two sides agreed to focus on enhancing cooperation in energy, covering the areas of training and human resources development and cooperation in research and development and through promotion of joint ventures in petrochemical complexes and cooperation in joint exploration in India and other countries.
The Indian side highlighted the interest of its energy companies to pursue opportunities of mutual interest in Qatar, with Qatar Petroleum and other companies, in order to jointly explore new fields as well as development of discovered oil and gas assets and exploit the existing resources of natural gas and crude oil in Qatar.
The Indian side invited Qatar to invest in India's exploration and production sector by bidding for the exploration blocks in India under the new "Hydrocarbon Exploration and Licensing" Policy and "Discovered Small Fields" Policy.
The Indian side invited Qatar to participate in the second phase of the strategic reserves storage facility being created in India.
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The Qatari side appreciated the initiative taken by Prime Minister Modi leading to the formation of International Solar Alliance. They acknowledged the importance of this alliance in advancing new solar technologies worldwide.
Earlier, Prime Minister Modi and Emir Sheikh Tamim Bin Hamad Al Thani witnessed the signing of seven agreements to bolster ties.
The list of MoU's signed between the two nations are MoU for Investment in National Investment and Infrastructure Fund, MoU in Cooperation in Skill Development and Recognition of Qualifications and Agreement on cooperation and mutual assistance in custom matters.
The other agreements include MoU in Cooperation in Tourism, First executive program for MoU in the field of youth and sports, MoU on Cooperation in Field of Health and MoU on Finance Intelligence Unit-India (FIU-IND) and Qatar Financial Information Unit (QFIU).
