Portuguese and Indian government announce possible “trilateral cooperation” with Angola

12 June 2007

Lisbon, Portugal, 12 June – Portugal and India said Monday they may invest in a “trilateral cooperation” with Angola, in the area of oil and diamonds, and announced that they intended to cooperate in the area of infrastructures, energy and the agro-food sector.

The statements were made by Portuguese secretary of state for Foreign Affairs and Cooperation, João Gomes Cravinho, as part of an official visit to Portugal by India’s Deputy External Affairs Minister, Anand Sharma.

In a press conference, Cravinho alluded to the recent visit by the deputy minister to Angola where he visited state oil company Sonangol, one of the shareholders of Portuguese oil company Galp, saying that a trilateral cooperation deal would involve the oil sector.

“India has expressed a lot of interest in working in the diamond mining sector, as it has an 80-percent share of the consumer market and there are Portuguese companies involved in Angola,” said Cravinho.

as for bilateral relations with Portugal, Sharma noted the “good possibilities of development of areas of cooperation,” and the “sharing of opinions and consensus,” particularly in the area of infrastructures, information and technology, and in terms of energy and the environment, in which he said there were “new opportunities.” (macauhub)