US, India join hands in exploring Petroleum & energy sector

TIL Desk/World/Cleveland (US)-The United States and India have agreed to take several key steps in petroleum and energy sector, aimed towards achieving the ambitious goal of energy independence.

The key prospects include development of petroleum storage, which is considered crucial for national security and strategic needs, increase technical co-operation in new technologies in development of bio fuel (2nd generation ethanol and bio-diesel) and assessment and reassessment of conventional and unconventional hydrocarbon reserves in India, both onshore and offshore.

The decision was taken during a meeting between the Union Minister of State for Petroleum and Natural Gas Dharmendra Pradhan and his American counterpart, Energy Secretary Ernest Moniz, on Monday.