Romanian business delegation from the energy sector will be visiting India in March to explore possibilities of investment in refineries, oil and gas fields.

Romanian business delegation from the energy sector will be visiting India in March to explore possibilities of investment in refineries, oil and gas fields. Senior petroleum ministry officials said that the delegation would also explore potential tie-ups in the oil and gas sector. Currently both the countries are negotiating a memorandum of understanding (MoU) in the field of oil & gas. Under the proposed MoU, the parties intend to cooperate in research and development, oil energy and environmental issues, including energy policy such as oil energy efficiency, environmental protection, joint projects etc. Members of the delegations are expected to various oil and gas refineries in the country. Petroleum and natural gas minister Mani Shankar Aiyar is expected to visit Bucharest in April. Romania and India, which are traditional partners in the field of economic cooperation, have achieved in the past important economic projects such as: Guwahati oil refinery, Singareni thermal power plant, Lube oil at Haldia refinery, Mangalore palletising plant, Durgapur agglomeration plant, Hyderabad tractor assembling plant.