India, UAE keen to boost strategic cooperation

India, UAE keen to boost strategic cooperation

India's Prime Minister Narendra Modi met with UAE vice president and prime minister on Sunday to discuss efforts to boost bilateral strategic cooperation, Xinhua reported referring UAE state news agency WAM.

The two politicians discussed boosting strategic cooperation between the two nations as well as a number of regional and international issues of mutual interest, the report said.

They discussed areas of cooperation between the two nations and ways to boost and develop them in order to meet the aspirations of their two respective peoples.

The two leaders also exchanged views on regional and international issues, according to WAM.

On Saturday, Modi attended in the Abu Dhabi, with Sheikh Mohamed bin Zayed Al-Nahyan, Crown Prince of Abu Dhabi, and Deputy Supreme Commander of the United Arab Emirates Armed Forces the signing of an agreement, awarding a consortium of Indian oil companies a 10 percent interest in Abu Dhabi's offshore Lower Zakum concession in Gulf waters.

The consortium, led by India's ONGC Videsh, contributed a participation fee of 2.2 billion dirham (600 million U.S. dollars) to enter the concession.

The concession will be operated by ADNOC Offshore, a subsidiary of ADNOC, on behalf of all concession partners.

The Zakum oilfield, offshore Abu Dhabi, is the country's largest maritime oil field and the fourth largest such field in the world.

Some 90 percent of the UAE's "black gold" is located in Abu Dhabi which harbors 7 percent of the world's known oil reserves.

In Abu Dhabi, Modi also layed the foundation stone for a new temple for the Hindu community living there.

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