ID :
50486
Sat, 03/14/2009 - 14:59
Auther :
Shortlink :
https://www.oananews.org//node/50486
The shortlink copeid
India, Kazakhstan to ink pact on civil nuclear cooperation soon
New Delhi, Mar 13 (PTI) India will shortly sign an inter-
governmental agreement with Kazakhstan on civil nuclear
cooperation, even as New Delhi pitched for setting up a
gas-based petrochemical plant in the Central Asian nation.
"Negotiations with respect to the Inter-Governmental
Agreement on peaceful uses of nuclear energy are at very
advanced stage and the same would be signed very shortly,"
Petroleum Minister Murli Deora said at the 7th meeting of
India-Kazakhstan Inter-Governmental Commission on Trade,
Economic, Scientific, Technological, Industrial and Cultural
Cooperation in Astana.
He said India has proven capabilities in designing,
constructing and operating small and medium nuclear plants of
the capacity 220-500 MW. "We would be happy to share our
expertise with you."
Delegations from both sides could possibly establish
contact to take the discussions forward. "Both sides also
agreed to sign the Inter-Governmental Agreement on Civil
Nuclear Cooperation shortly," an official statement said.
Both sides also agreed to set up two Joint Working Groups
one on Trade and Economic Cooperation and one on
Pharmaceuticals to promote bilateral cooperation.
Extensive discussions were held on cooperation in the
energy sector, which particularly included the Satpayev oil
block, setting up of a petrochemical complex as well as
thermal power projects.
Deora also discussed giving 25 per cent stake in Satpayev
oilfield of Kazakhstan to ONGC Mittal Energy Ltd, the joint
venture of ONGC Videsh and billionaire Lakshmi Mittal.
"It was decided that the Combined Exploration and
Production Contract will be signed at an early date before the
new sub-soil use law is adopted in Kazakhstan," the statement
said.
India imports 0.35 million tonnes of crude oil from
Kazakhstan during April-September 2008. "All issues have been
discussed and finalised between KazMunaiGaz and OMEL. I hope
that both the companies would be able to sign the Exploration
and Production contract at the earliest," he said.
Deora said ONGC, IOC and GAIL have had preliminary
discussions on setting up an Integrated Petrochemical Project
in Atyrau.
Also, NTPC is discussing setting up a power project in
Kazakhstan.
"We are also interested in importing coal from
Kazakhstan," he said.
India, he said, had also proposed the establishment of a
gas based fertiliser plant in Kazakhstan.
"Such a project would be mutually beneficial for both our
countries. We would be willing to import all the fertiliser
which would be produced by the plant," Deora said.
Several Indian pharmaceutical companies are interested in
establishing manufacturing facilities in Kazakhstan, he said.
PTI
governmental agreement with Kazakhstan on civil nuclear
cooperation, even as New Delhi pitched for setting up a
gas-based petrochemical plant in the Central Asian nation.
"Negotiations with respect to the Inter-Governmental
Agreement on peaceful uses of nuclear energy are at very
advanced stage and the same would be signed very shortly,"
Petroleum Minister Murli Deora said at the 7th meeting of
India-Kazakhstan Inter-Governmental Commission on Trade,
Economic, Scientific, Technological, Industrial and Cultural
Cooperation in Astana.
He said India has proven capabilities in designing,
constructing and operating small and medium nuclear plants of
the capacity 220-500 MW. "We would be happy to share our
expertise with you."
Delegations from both sides could possibly establish
contact to take the discussions forward. "Both sides also
agreed to sign the Inter-Governmental Agreement on Civil
Nuclear Cooperation shortly," an official statement said.
Both sides also agreed to set up two Joint Working Groups
one on Trade and Economic Cooperation and one on
Pharmaceuticals to promote bilateral cooperation.
Extensive discussions were held on cooperation in the
energy sector, which particularly included the Satpayev oil
block, setting up of a petrochemical complex as well as
thermal power projects.
Deora also discussed giving 25 per cent stake in Satpayev
oilfield of Kazakhstan to ONGC Mittal Energy Ltd, the joint
venture of ONGC Videsh and billionaire Lakshmi Mittal.
"It was decided that the Combined Exploration and
Production Contract will be signed at an early date before the
new sub-soil use law is adopted in Kazakhstan," the statement
said.
India imports 0.35 million tonnes of crude oil from
Kazakhstan during April-September 2008. "All issues have been
discussed and finalised between KazMunaiGaz and OMEL. I hope
that both the companies would be able to sign the Exploration
and Production contract at the earliest," he said.
Deora said ONGC, IOC and GAIL have had preliminary
discussions on setting up an Integrated Petrochemical Project
in Atyrau.
Also, NTPC is discussing setting up a power project in
Kazakhstan.
"We are also interested in importing coal from
Kazakhstan," he said.
India, he said, had also proposed the establishment of a
gas based fertiliser plant in Kazakhstan.
"Such a project would be mutually beneficial for both our
countries. We would be willing to import all the fertiliser
which would be produced by the plant," Deora said.
Several Indian pharmaceutical companies are interested in
establishing manufacturing facilities in Kazakhstan, he said.
PTI
