Indo-African Hydrocarbon conclave from tomorrow

The fourth India-Africa Hydrocarbon Conference (IAHC) is scheduled to be held in New Delhi on January 21st and 22nd. The conference is aimed at greater cooperation between India and African continent towards ‘Development Transmitting Partnership’ in the field of Hydrocarbons.  It is a continuation of the discussion revolving around synergies between India and Africa and will strengthen the ties between the two. The partnership would enable India to enhance its energy security while nurturing Africa’s Hydrocarbon sector growth on several fronts like capacity building, environmental sustainability, human resource development and employment generation. India and African nations have always enjoyed strong historical, political and cultural ties. India is importing close to 75 per cent of its crude oil requirements while several African nations are rich in hydrocarbon resources. This serves as catalyst to encourage proper cooperation beyond hydrocarbon energy sector between India and Africa.