Mumbai: India and Oman are studying the possibility of setting up a joint investment company to enhance economic cooperation between the two countries.

This was the outcome of fifth strategic consultations between the two countries, led by N Ravi, secretary (east) in the ministry of external affairs, and Maqbool bin Ali Sultan, Oman''s minister of commerce and industry, in Muscat.

The meeting reviewed the role of Oman Oil Company (OOC), Omani investors and the Indian side in increasing the volume of investment in the two countries and the efforts in this regard, the Omani news agency said.

The proposed joint investment company will complement the role of big investors by improving the flow of investments between the two countries and finding ways of investing in vital economic sectors.

India also expressed its desire to get additional quantity of liquefied natural gas (LNG) from Oman to meet its future energy requirements.

During meeting with Mohammed bin Hamad al Romhi, Oman''s minister of oil and gas, cooperation between the two countries, particularly in energy fields, and matters of common concern were discussed.

The meeting also touched on the Oman-India fertiliser project in Sur.

The two sides also exchanged views on regional and international issues of common concern.