India and China starts cooperation in securing worldwide crude oil and natural gas resources - Russian state oil firm Rosneft to be shared by India and China
Balaji Reddy
Jun. 11, 2005

Something unprecedented is happening in Asia. The two most populated countries of the world have agreed to work together to secure and use crude oil and natural gas reserves.

Indian and Chinese firms have expressed the most interest in buying shares of Russian state oil firm Rosneft, which should soon be partially privatized, Energy Minister Viktor Khristenko said June 10. Rosneft is the second-largest oil firm in Russia behind LUKoil in terms of output, with production of 1.45 million barrels per day.

Energy is critical for both the countries to grow at a staggering rate.

India and China is slowly planning to work together in securing the oil and gas reserves in the world.

India and China starts cooperation in securing worldwide crude oil and natural gas resources - Russian state oil firm Rosneft to be shared by India and China
Balaji Reddy
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