India, Kazakhstan to expand oil, gas, nuclear ties

New Delhi Sep 20 (IANS) India and Kazakhstan on Wednesday discussed expanding cooperation in hydrocarbons and nuclear energy sectors as well as expanding the International North-South Transport Corridor by linking it to the Kazakhstan-Turkmenistan-Iran rail link an official statement said here on Wednesday.

These and other issues figured at the two-day meeting of the Inter-Governmental Commission (IGC) with Kazakhstan co-chaired by Petroleum Minister Dharmendra that ended on Wednesday in the central Asian nation s capital at Astana an Indian Petroleum Ministry release said.

The Kazakhstan delegation to the talks was led by its Energy Minister Kanat Bozumbayev.

The two sides discussed "ideas for stepping up the cooperation in energy sector trade economic investment transport and connectivity agriculture information technology space healthcare and cultural spheres between the two countries " the statement said.

"Both leaders agreed to collaborate in the oil and gas sector for mutual benefit and further strengthen the engagement by addressing issues of concerns to Indian investors particularly in Kazakh hydrocarbon sector " it said.

"They explored possibility of expanding the International North-South Transport Corridor (INSTC) by linking it to the Kazakhstan-Turkmenistan-Iran rail link " it added.

This transport corridor is a 7 200 km multi-mode network of ship rail and road for transporting cargo between India Russia Iran Europe and Central Asia. It mainly involves moving freight from India Iran Azerbaijan and Russia via this network.

"Kazakhstan is strategically located between Europe and Asia and offers enormous business opportunities for investments. The country is rich in mineral resources such as uranium oil and natural gas " the statement said.

Bozumbayev invited Indian investments in various sectors especially in hydrocarbons infrastructure nuclear energy co-production of films food processing and information technology it added.

Pradhan was accompanied by a delegation of officials from various ministries the Railway Board and the state-run oil explorer s foreign arm ONGC Videsh Ltd.

--IANS
bc/nir