While a 131-km pipeline will be laid from from Siliguri in West Bengal to Parbatipur in northern Bangladesh to transport diesel, a line from Dattapulia in West Bengal will take natural gas to Khulna, the third-largest city of Bangladesh.
The non-binding Framework of Understanding (FoU) on Cooperation in Hydrocarbon Sector will be valid for five years, an official statement said here.
India and Russia discussed ways to enhance cooperation in the civil nuclear energy and hydrocarbon sector as Prime Minister Narendra Modi and Russian President Vladimir Putin vowed to take forward the special and privileged bilateral partnership
The memorandum of understanding (MoU) is part of efforts of Indian flagship overseas oil and gas firm to expand its presence in hydrocarbon rich African continent.
Canada, a leading oil producer, has been grappling with falling crude prices and reduced investment in energy sector and it is the right time for Indian companies to go for joint ventures there in a major way, says Canada-India Foundation (CIF).
Ashok Kumar Purwaha, chairman, Engineers India Limited explains to CNBC-TV18 the company will post reasonable growth after recording continued growth in turnover of 50% with PBT and PAT levels at over-33%.