Friday, 5 January 2024 India approved signing a 5-year memorandum of understanding (MoU) with Guyana to cooperate in the hydrocarbon sector as the South Asian nation looks to diversify its oil import sources.The proposed agreement will cover areas such as sourcing of crude oil from the South American nation, participation of Indian companies in its exploration and production sector and cooperation in crude oil refining, a government statement said.India, the world's third-largest crude consumer and importer, and Guyana have been in discussion about a potential bilateral oil agreement for more than two years.
Over a year since protests rocked the South Asia country of Sri Lanka, the nation has voted in a new leader in an effort to recover from its worst economic crisis and resulting political upheaval.
Credit: euronews (in English) Duration: 00:35Published
Friday, 5 January 2024
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