India, Cuba final agreement for cooperation in Hydrocarbon sector

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New Delhi, Jul 1 (UNI) India and Cuba have finalised India Cuba Hydrocarbon Agreement for cooperation in oil and gas sector.

The agreement was concluded during an hour-long meeting between Petroleum and Natural Gas Minister Murli Deora and his counterpart from Cuba Ms Yadira Garcia Vera, at Madrid in Spain yesterday on the occasion of the 19th World Petroleum Congress.

Recognising the need for a mechanism for facilitating further cooperation between the two countries, the two sides agreed that Indian Petroleum Minister would visit Cuba for signing the agreement which could coincide with spudding of oil wells by ONGC Videsh in its exploration block in Cuba.

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