India and Brazil discuss possibilities of enhancing cooperation in oil sector
	16:7 IST

The Minister of Petroleum and Natural Gas, Shri Murli Deora has emphasized the need for India and Brazil to further enhance cooperation between the two countries specially in the oil and gas sector. During a meeting with Mr. Miguel Jorge, Brazilian Minister for Development, Industry and Foreign Trade, here today, Shri Deora said that the efforts are afoot in this direction as the two national oil companies of respective countries, ONGC(India) and Petrobras(Brazil) have entered into an arrangement for working together in exploration and production of hydrocarbons in India and Brazil. To a suggestion by Brazilian Minister to enhance ethanol blending Shri Deora informed that Government has already decided to endeavour blending ethanol with petrol at 10% against 5% being blended at present. The two Ministers expressed satisfaction at the efforts being made to take forward cooperation between the two leading developing countries which are emerging as major economic powers. RCJ/ls