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The planning cell of India’s petroleum and natural gas ministry has entered into an deal with the International Energy Agency for developing collaboration in the oil and gas sector.
According to the petroleum and natural gas ministry, the accord had been forged between IEA and the ministry's Petroleum Planning and Analysis Cell (PPAC) on last Friday.
This deal will provide way for exchanging technical expertise as well as experience for the management and analysis of data, along with creating opportunities for conducting joint studies in oil and gas sectors, regionally as well as across the globe.
"By entering into this deal, PPAC will enrich its knowledge and understanding of the functioning of the oil and gas markets at regional and global level and develop sound analytical techniques," said the petroleum and natural gas ministry release.
It added that the ministry's cell will take advantage of IEA's data gathering and analysis expertise, especially in the current market volatility which requires accurate analysis.
