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Russia, India sign oil, gas, nuclear energy deals

Russia, India sign oil, gas, nuclear energy deals

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Russia, India sign oil, gas, nuclear energy deals

Posted on 07 February 2013 by "the witness"

Written by RIA Novosti

New Delhi, December 21, 2010

Russia, India sign oil, gas, nuclear energy deals

Russian President Dmitry Medvedev and Prime Minister Manmohan Singh

Russia and India have signed intergovernmental agreements on cooperating in the oil and gas and nuclear energy spheres as well as jointly developing information technologies.

Russian President Dmitry Medvedev began his official two-day visit to India on Tuesday during which he is scheduled to meet with his Indian counterpart Pratibha Patil and Prime Minister Manmohan Singh.

The Russian and Indian foreign ministers signed an agreement on easing visa requirements for certain categories of citizens. The countries' governments have also agreed on joint cooperation in emergency situations.

Russian Energy Minister Sergei Shmatko and Indian Petroleum and Natural Gas Minister Murli Deora have inked an intergovernmental agreement on developing cooperation in the oil and gas sphere. The sides also signed a memorandum on widening cooperation in using nuclear energy for peaceful purposes. An agreement was reached to establish a joint technological center.

Russia's ministry of industry and trade and India's ministry of chemical industry and fertilizers have signed a memorandum on cooperation in pharmaceuticals and biotechnologies.

A number of commercial documents were also signed during the visit. The State Bank of India and Vnesheconombank (VEB) signed a memorandum on cooperation. VEB also inked a memorandum of understanding with India's Export-Import Bank.

Russian petrochemical giant Sibur and India's Reliance Group have agreed on establishing a joint venture on producing butyl rubber in Jamnagar in the Indian state of Gujarat.

Russia - India contract for design of prototype of multirole fighter

Russia and India have also signed a contract on Tuesday to jointly develop a design for a new fifth-generation multirole fighter.

The document was signed between Russia's state arms exporter Rosoboronexport and India's Hindustan Aeronautics Limited (HAL) during Russian President Dmitry Medvedev's current visit to India.

Russia's Sukhoi holding and India's Hindustan Aeronautics Limited agreed in early 2010 to jointly develop a fifth-generation fighter jet based on the T-50 design.

The project design cost is estimated at $295 million, shared equally between Russia and India.

The two sides agreed to develop both a single-seat and a two-seat version of the aircraft by 2016, initially focusing on the single-seat version.

Russia has been developing its own fifth-generation fighter since the 1990s. The current prototype, known as the T-50, was designed by the Sukhoi design bureau and built at a plant in Komsomolsk-on-Amur in Russia's Far East.

Russian officials have already hailed the fighter as "a unique warplane" that combines the capabilities of an air superiority fighter and attack aircraft.

Russia is planning to use the jointly-developed 5G fighter as an export version of T-50, while India is expecting the new fighter aircraft to enter service with its air force by 2020.

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