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Thursday, 22 January 2015

Albania and india boost ther energy sector and ncdex market prices


India and Albania has decided to boost cooperation on the energy sector. Albania is seeking Indian investment in the Oil and Gas sector.Damian Gjiknuri, Minister for Energy and Industry, Albania met the Minister of State (I/C) for Petroleum and Natural Gas Dharmendra Pradhan here on Wednesday.

The Albanian Minister stated that his country has oil and gas producing fields and welcomed a technical team from India to look into the data before taking a decision on investment.The two sides agreed to explore all avenues of cooperation in hydrocarbon sector, including exploration & production and city gas distribution.

Meanwhile, India is making efforts to boost Reaserch and Development in the area of energy. The IITs(Indian Institute of Technology) and the ONGC have agreed to work towards a collective R&D Programme for Developing Indigenous Technologies to enhance Exploration and Exploitation of Hydrocarbons and Alternate Sources of Energy.

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