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India and Uzbekistan reached a landmark deal where the latter will allow Indian companies to explore for natural gas that can then be shared equally. Uzbek has similar deals with Russia, China, Malaysia, and some European countries. Uzbekistan is estimated to have 594 million barrels of oil reserves and 66.2 trillion cubic feet of natural gas reserves.
Uzbekistan President Karimov said that his country recognized India’s concern for energy security and its importance for its economic growth. Terming his duscssions with Prime Minister Manmohan Singh as “fruitful,” Karimov said that the two leaders had discussed several bilateral and multi-lateral issues including cooperation to fight terrorism, drug trafficking, United Nations reforms, and Afghanistan. |
