TestCloud
Prep • Practice • Perform
Log In

India and Guyana Sign MoU for Cooperation in Hydrocarbon Sector.

International | Dated: 06 Jan 2026

The Union Cabinet has approved the signing of a Memorandum of Understanding (MoU) between the Ministry of Petroleum & Natural Gas, India, and the Ministry of Natural Resources, Guyana. The MoU covers the entire value chain of the hydrocarbon sector, including sourcing of crude oil, participation in exploration, and refining.

🎯 Key Highlights:

  • The agreement is valid for five years and will automatically renew thereafter.
  • It aims to diversify India's crude oil import basket and enhance energy security.
  • Collaborations will also focus on capacity building and developing natural gas infrastructure in Guyana.

💡 Other Important Facts:

  • Agreement: Hydrocarbon Sector MoU.
  • Partner: India.
  • Focus: Crude Oil & Gas Infrastructure.

📚 Test Your Knowledge:

India recently approved an MoU with which South American country for cooperation in the hydrocarbon sector?

Correct Answer: Guyana

🚀 Quick Recap:

About Guyana

  • Capital – Georgetown
  • President – Irfaan Ali