The state will sign an agreement with the Royal Government of Bhutan for the supply of oil, oil, lubricants, and other petroleum-related products to the country.
The agreement aims to strengthen the economic and commercial linkages between India and Bhutan, particularly in the field of hydrocarbon.
It is expected to promote bilateral trade in the hydrocarbon sector and ensure the long-term supply of petroleum products to Bhutan.
The signing of the agreement will play a crucial role in India’s efforts to achieve energy security.
The Memorandum of Understanding will be a strategic fit as part of India’s Neighborhood First Policy.
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