NEW DELHI: As part of its energy diversification strategy, India has been reaching out to the South American nation to develop new suppliers of energy.
Guyana has become the world’s newest oil power after discoveries of crude oil reserves equivalent to more than 11 billion barrels in 2015.
The two sides are expected to sign an MoU on oil and gas cooperation in the near future that will pave the way for private firms in both countries to strike exploration deals.
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