India, Brazil may enhance cooperation in oil sector

New Delhi, Mar 26 : Petroleum and Natural Gas Minister Murli Deora on Wednesday emphasized the need for India and Brazil to further enhance cooperation between both countries, especially in the oil and gas sector.

During a meeting with Brazilian Minister for Development, Industry and Foreign Trade, Miguel Jorge, Deora said efforts are afoot in this direction as the two national oil companies of respective countries, Oil and Natural Gas Corporation (ONGC) (India) and Petrobras (Brazil) have entered into an arrangement for exploration and production of hydrocarbons in India and Brazil.

To a suggestion by the Brazilian Minister to enhance ethanol blending Deora informed that Indian Government has already decided to blend ethanol with petrol at 10 per cent against five per cent being blended at present.

Both Ministers expressed satisfaction over the efforts being made to take cooperation between them forward.

ANI