India's Petroleum Minister Dharmendra Pradhan held a telephonic discussion with Russia's Energy Minister Alexander Novak to further strengthen the energy cooperation between their countries, an official statement said on Thursday.
During the conversation, Pradhan urged Russia should continue to play a balancing role in its engagement with the Organization of the Petroleum Exporting Countries (OPEC) by taking into account the interests of consuming countries.
During the telephone call, Pradhan conveyed his concern on the growing crude oil price volatility during the last few weeks, and also urged Russia to continue to play a balancing role in its engagement with OPEC countries by taking into account the interests of consuming countries.
The ministers reviewed the investments in hydrocarbon sector recognizing that India and Russia are one of the largest investors in each others' hydrocarbon sector.
"Pradhan invited Russian oil and gas companies to invest in building gas infrastructure in India and in the expansion of city gas distribution networks," the statement said.
According to the statement, the two ministers agreed to work closely in the coming months to develop a more comprehensive hydrocarbon engagement.
Editor:Cherie
