India and China, competing worldwide in their search for oil and gas reserves, will jointly bid for, explore and produce energy under an agreement to be signed this week, India's oil minister said Tuesday. Petroleum Minister Mani Shankar Aiyar said at least five agreements are to be signed between Indian and Chinese companies, with seven others likely to be finalized during his Jan. 12-13 visit to China, according to a report of The Associated Press. "In all spheres of energy development, there is a great deal we could learn from China and perhaps something we could give them," Aiyar said. The agreements provide for cooperation in exploration, production, storage and stockpiling, research and development and conservation, the petroleum ministry said in a statement.
