Minister of Petroleum and Natural Gas Murli Deora signed the MoU with his counterpart Ma Kai, Chairman, National Development and Reform Commission (NDRC) signifying expanding hydrocarbon cooperation between the two countries.

Deora expressed the hope that the cooperation document will not only give a fillip to joint EP efforts but also pave the way for national oil companies of the two countries to successfully bid for overseas hydrocarbon assets.

Union Minister of Petroleum & Natural Gas Murli Deora and the Chairman, NDRC, China Mr. Ma Kai exchanging the documents after signing a MOU

The two leaders recalled the successful visit of Chinese President Hu Jintao to New Delhi last month.

Such cooperation is significant and mutually beneficial as both countries are facing increasing hydrocarbon requirements to fuel their rapidly expanding economies.

Deora was accompanied by M S Srinivasan, Secretary (P&NG), R S Butola, MD, OVL, Joint Secretary (Refineries), Prabh Das and other government officials.