+
India and Guyana Ink Hydrocarbon Cooperation MOU
POWER & RENEWABLE ENERGY

India and Guyana Ink Hydrocarbon Cooperation MOU

The Cabinet of India has granted approval for the signing of a Memorandum of Understanding (MOU) between India and Guyana, focused on cooperation within the hydrocarbon sector. This strategic move aims to foster collaboration between the two nations, leveraging their expertise and resources for mutual benefit in the exploration and utilisation of hydrocarbons.

The MOU encompasses a spectrum of areas within the hydrocarbon sector, including exploration and production, capacity building, and knowledge exchange. By formalising this agreement, India and Guyana seek to enhance their respective capabilities in the hydrocarbon domain and capitalise on shared interests in sustainable energy practices.

The collaboration is expected to open avenues for technological advancements and best practice sharing between the two nations, fostering a collaborative environment for the development of the hydrocarbon sector. It aligns with India's broader vision of engaging in strategic partnerships to bolster energy security and sustainability.

This MOU signifies a significant step towards strengthening diplomatic and economic ties between India and Guyana. As both nations join forces to navigate the complexities of the hydrocarbon industry, the agreement is poised to contribute to the overall growth and development of the sector, benefitting the economies of both India and Guyana.

The approval from the Cabinet reflects the government's commitment to fostering international cooperation and leveraging India's expertise in the hydrocarbon sector for global partnerships. As the MOU moves towards fruition, it holds the potential to shape a collaborative framework that transcends geographical boundaries, driving advancements in the sustainable utilization of hydrocarbon resources.

The Cabinet of India has granted approval for the signing of a Memorandum of Understanding (MOU) between India and Guyana, focused on cooperation within the hydrocarbon sector. This strategic move aims to foster collaboration between the two nations, leveraging their expertise and resources for mutual benefit in the exploration and utilisation of hydrocarbons. The MOU encompasses a spectrum of areas within the hydrocarbon sector, including exploration and production, capacity building, and knowledge exchange. By formalising this agreement, India and Guyana seek to enhance their respective capabilities in the hydrocarbon domain and capitalise on shared interests in sustainable energy practices. The collaboration is expected to open avenues for technological advancements and best practice sharing between the two nations, fostering a collaborative environment for the development of the hydrocarbon sector. It aligns with India's broader vision of engaging in strategic partnerships to bolster energy security and sustainability. This MOU signifies a significant step towards strengthening diplomatic and economic ties between India and Guyana. As both nations join forces to navigate the complexities of the hydrocarbon industry, the agreement is poised to contribute to the overall growth and development of the sector, benefitting the economies of both India and Guyana. The approval from the Cabinet reflects the government's commitment to fostering international cooperation and leveraging India's expertise in the hydrocarbon sector for global partnerships. As the MOU moves towards fruition, it holds the potential to shape a collaborative framework that transcends geographical boundaries, driving advancements in the sustainable utilization of hydrocarbon resources.

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?