India and Oman are studying the possibility of setting
up a joint investment company to enhance economic cooperation
between the two countries.
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
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.
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.
also expressed its desire to get additional quantity
of liquefied natural gas (LNG) from Oman to meet its
future energy requirements.
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.
meeting also touched on the Oman-India fertiliser project
two sides also exchanged views on regional and international
issues of common concern.