PM Modi, Kazakhstan President acknowledge collaboration in hydrocarbons sector

Prime Minister Narendra Modi and Kazakhstan President Nursultan Nazarbayev have acknowledged the importance of collaboration in the hydrocarbons sector and welcomed the formal commencement of drilling of the first exploratory well in the Satpayev Block which coincided with the visit.

They agreed to expeditiously explore new opportunities for further joint collaboration in this sector.

Both leaders noted the agreement reached at the IGC meeting for a joint feasibility study to explore the possibility of transportation of oil and gas either through pipeline or as LNG from Kazakhstan to India.

The two leaders affirmed the importance of cooperation in the sphere of civil nuclear energy.

"They welcomed the signing of a Contract NC "KazAtomProm" JSC and NPCIL for a renewed long term supply of natural uranium to India to meet its energy requirements," said the joint statement issued after the talks.

Both leaders welcomed the signing of Plan of Action between JSC "KazAgroInnovation" and Indian Council of Agricultural Research for cooperation in the field of agriculture.

They noted that pharmaceuticals, mining, textiles, information technology, banking, and health are promising areas for future cooperation between the two countries and agreed to extend full support to joint projects in realising potential in these areas on a mutually beneficial basis.