• Tuesday, November 29, 2022

Business

 ‘India and China should jointly bid for oil and gas fields’

India prime minister Narendra Modi with China president Xi Jinping

By: Sarwar Alam

China and India should jointly bid for contracts to acquire overseas oil and gas fields to reduce competition and strengthen cooperation in investments in energy technologies, according to Chinese media. China and India “can jointly bid for contracts to acquire and develop overseas oil and gas resources,” an article in the state-run Global Times newspaper said. Compared with international oil giants, Chinese and Indian oil companies are still behind in terms of management, technology and capital strength, it said. “Cooperation between Chinese and Indian firms would allow them to gain bargaining power in negotiations in the international oil and gas market,” it said. It also proposed that China…

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