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             India will strengthen its cooperation with China on 
            seven areas in energy, said visiting Indian Petroleum and Natural 
            Gas Minister Mani Shankar Aiyar in Beijing on Thursday. 
             
            The two countries signed 
            five memoranda on energy cooperation the same day. Mr. Aiyar arrived 
            in Beijing on Jan. 10 for a three-day visit to China.  
            According to Mr. Aiyar, the 
            full spectrum cooperation will firstly involve in upstream 
            exploration and production, building joint ventures on seismic 
            warning and oil and gas exploration. Secondly, there will be 
            cooperation on prospecting and petrochemical production and 
            marketing. The third area is the transmission of gas and urban gas 
            supply.  
            The two sides will also 
            joint hands on domestic and cross-border oil pipelines, 
            unconventional oil and gas resources, the innovation and development 
            of energy technologies, and software and information technology in 
            energy sector.  
            Mr. Aiyar said China plays 
            an important role in promoting cooperation in energy and energy 
            security among Asian countries. He also stressed the great potential 
            of collaboration on bio-energy between China and India.  
            Mr. Aiyar's visit to China 
            has been in the spotlight of the Chinese media. Insiders in the 
            energy industry regard his visit as an implication of India's 
            interest in strengthening cooperation with China. 76 percent of 
            India's oil depends on imports and India's total imports are largely 
            oil.  
            India lost biddings 
            to its Chinese competitor CNPC for some overseas oil sources in 2005, including 
            the competition for PetroKazakhstan last October. India 
            then began to seek for cooperation with China on energy. India's Oil 
            and Natural Gas Corporation Limited (ONGC) jointed hands with China 
            National Petroleum Corporation (CNPC) won the bid for 
            Petro-Canada's stakes in Al-Furat Petroleum Company in Syria at the end of 
            last year.   |    
      Source: People's Daily Online  | 
  
    
 
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