Cabinet Nod for India-Guyana Hydrocarbon MOU
POWER & RENEWABLE ENERGY

Cabinet Nod for India-Guyana Hydrocarbon MOU

The Union Cabinet, chaired by the Prime Minister, has granted approval for the signing of a Memorandum of Understanding (MOU) between India and Guyana. This MOU focuses on fostering cooperation in the hydrocarbon sector, marking a significant step towards strengthening bilateral ties and promoting collaboration in the realm of energy exploration and production.

The hydrocarbon MOU is poised to facilitate knowledge exchange, technology transfer, and joint initiatives between India and Guyana. As both nations seek to leverage their strengths in the hydrocarbon sector, the collaboration is expected to bring mutual benefits and contribute to the sustainable development of the energy industry.

The Cabinet's approval underscores the government's commitment to enhancing diplomatic and economic relations with Guyana while strategically tapping into opportunities in the hydrocarbon sector. The MOU is reflective of India's proactive approach to international cooperation, fostering partnerships that advance shared goals and contribute to the global energy landscape.

With the signing of this MOU, India and Guyana are set to embark on a collaborative journey in the hydrocarbon sector, fostering synergy and leveraging each other's expertise for the benefit of both nations.

The Union Cabinet, chaired by the Prime Minister, has granted approval for the signing of a Memorandum of Understanding (MOU) between India and Guyana. This MOU focuses on fostering cooperation in the hydrocarbon sector, marking a significant step towards strengthening bilateral ties and promoting collaboration in the realm of energy exploration and production. The hydrocarbon MOU is poised to facilitate knowledge exchange, technology transfer, and joint initiatives between India and Guyana. As both nations seek to leverage their strengths in the hydrocarbon sector, the collaboration is expected to bring mutual benefits and contribute to the sustainable development of the energy industry. The Cabinet's approval underscores the government's commitment to enhancing diplomatic and economic relations with Guyana while strategically tapping into opportunities in the hydrocarbon sector. The MOU is reflective of India's proactive approach to international cooperation, fostering partnerships that advance shared goals and contribute to the global energy landscape. With the signing of this MOU, India and Guyana are set to embark on a collaborative journey in the hydrocarbon sector, fostering synergy and leveraging each other's expertise for the benefit of both nations.

Next Story
Infrastructure Energy

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Next Story
Infrastructure Urban

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Next Story
Infrastructure Energy

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?