Today : Saturday - Sep 20, 2014, 05:24am (GMT+5.5)
All News  
Top News
National News
International News
Business News
Sports News
   » Cricket
   » Football
Entertainment News
Sci - Tech
Politics News
Health & Fitness
Gulf News
::| Latest News
News in Pictures

Seemingly unfazed at being ousted from the Asian Athletics Association, scam-tainted Suresh Kalmadi on Monday said losing the presidential re-election bid to Qatar’s Dahlan Jumaan Al-Hamad has actually given him a chance to work at the “grassroots” level.
“I have no issues today and I congratulate Mr Al-Hamad for being elected as President. I am rather relieved that I will be able to work at the grassroots level in athletics,” Mr. Kalmadi said after losing the vote during the ongoing AAA Congress in Pune.

National News

India, Qatar sign oil pact, discuss Indians' welfare

Tuesday - Apr 10, 2012, 10:50am (GMT+5.5)
[+] Text [-]

New Delhi - India and energy-rich Qatar, home to half a million Indians, Monday sealed six agreements in diverse areas, including an overarching pact on cooperation in oil and gas exploration.

Prime Minister Manmohan Singh held talks with Qatar's Emir Sheikh Hamad bin Khalifa al-Thani, who began a three-day visit to India Sunday, on a range of issues, including boosting trade and investment as well as energy ties between the two countries.

Issues relating to the welfare of Indian workers in the Gulf country were also discussed.

During the talks, India is understood to have expressed its keenness to export more oil and LNG from Qatar. The Qatari side is broadly positive towards the Indian proposal, but there are pricing issues that

remain to be sorted out.

After the talks, India's Petroleum Minister S. Jaipal Reddy and Qatar's Energy Minister Mohammed Bin Saleh al-Sada signed a pact on establishing a cooperative framework to enhance bilateral

cooperation in oil and gas.

The pact envisages cooperation in the areas of upstream and downstream oil and gas activities. It is expected to encourage and promote investment and cooperation between two ministries of oil and gas and

through affiliated companies.

Qatar, which holds the world's third-largest natural gas reserves after Russia and Iran, has an LNG (liquefied natural gas) export capacity of 77 million tonnes a year.

India buys 7.5 million tonnes of LNG from Qatar under a long-term contract.

India imported 5.6 million tonnes of oil from Qatar in 2010-11 and is willing to increase the imports.

Three agreements were signed in the fields of educational exchanges, cultural contacts and promoting tourism.

A memorandum of agreement was signed between the Reserve Bank of India and Qatar Central Bank.

The pact will establish an arrangement for sharing of supervisory information and enhancing cooperation in the area of banking supervision.

Another pact on exchange of experiences, information and expertise in the field of legal affairs was also signed.

Vice-President Hamid Ansari, United Progressive Alliance (UPA) chair Sonia Gandhi and BJP leader Sushma Swaraj, also leader of the opposition in Lok Sabha, also called on the emir of Qatar.

The visit of Qatar's emir underlines India's burgeoning ties with the Gulf region, which contributes over 50 percent of India's oil imports.

The region is home to over six million Indians who send $30 billion in remittances.


Rating (Votes: )   

blog comments powered by Disqus

Other Articles:
Madhya Pradesh grocery shops, eateries on 3-day strike (10th Apr, 2012)
Hot Monday in Delhi, mercury to rise further (9th Apr, 2012)
India wary of China's growing military profile (9th Apr, 2012)
Araria's sex workers rally to demand security for women (9th Apr, 2012)
Zardari donation will be for 'noble causes': Ajmer dargah (9th Apr, 2012)
Zardari came to India with open mind: Bansal (9th Apr, 2012)
President's last foreign trip: 12 days in Africa (9th Apr, 2012)
IGNOU launches courses in water conservation (9th Apr, 2012)
New judges made to wait for Mamata's signature to take oath (9th Apr, 2012)
CBI to file additional chargesheet in Emaar case (9th Apr, 2012)
Mamata announces sops for Muslims (9th Apr, 2012)
Six die in car crash near Mathura (9th Apr, 2012)
Mizoram school teachers not getting salaries (9th Apr, 2012)
Centre-ULFA talks positive: Government (9th Apr, 2012)
Assam's one-horned rhino population rises by 250 (9th Apr, 2012)
Baby girl tortured, now in Bangalore (9th Apr, 2012)
Talks successful, we are hopeful: Rajkhowa (9th Apr, 2012)
Out of politburo, Achuthanandan is miffed (9th Apr, 2012)
Pakistani caught while crossing LoC (9th Apr, 2012)
Karat again elected CPI-M boss (9th Apr, 2012)
CBI to file supplementary chargesheet in Emaar case (9th Apr, 2012)
PM, Zardari talks on right track, says Indian media (9th Apr, 2012)
Indian political parties hopeful of positive outcome from Zardari's visit (9th Apr, 2012)
CPI-M rules out emergence of Third Front (9th Apr, 2012)
Bail to Chisty comes at a significant time, says nephew (9th Apr, 2012)

Contact Us | Advertise with Us | Privacy Policy | Disclaimer | Terms of Use