India, Russia plan MoU on coking coal; boost crude oil trade
New Delhi: India and Russia are in talks to expand their energy partnership by increasing crude oil imports from Russia and possibly signing a memorandum of understanding to import coking coal to meet requirements of Indian steel industry.
These issues were discussed at a video meet between Dharmendra Pradhan, minister of petroleum and natural gas and Russian energy minister Alexander Novak on Wednesday, people aware of the development told ET.
The ministers also reviewed ongoing projects and plans including the participation of Indian companies such as Indian Oil Corporation in Russias state-owned Rosneft’s Vostok oil project in the Russian Arctic, Novatek’s deal to supply of LNG to H-Energy, cooperation between Gail and Gazprom, joint projects with Gazpromneft, and supply of crude oil by Rosneft to Indian Oil.
