India, UAE sign five agreements

Abu Dhabi, Feb 11: Prime Minister Narendra Modi held wide-ranging talks with Crown Prince of Abu Dhabi Mohamed bin Zayed Al Nahyan on February 10 as the two sides signed five agreements including a historic pact awarding a consortium of Indian oil companies a 10% stake in offshore oil concession.

On Friday, PM Modi had met Jordan's King Abdullah II in Amman and said he had a "wonderful" meeting him.

"Had a wonderful meeting with His Majesty King Abdullah II of Jordan. Our discussions today will give great strength to India-Jordan bilateral relations," PM Modi had tweeted after meeting the King.

India and the UAE signed five agreements, including in the areas of energy and transportation, following delegation-level talks headed by Indian Prime Minister Narendra Modi and Crown Prince of Abu Dhabi and Deputy Commander of the UAE Armed Forces Sheikh Mohammed Bin Zayed Al Nahyan.

MoU between Indian Consortium and ADNOC was signed for acquisition of 10% participating interest in offshore Lower Zakum Concession from 2018 to 2057, It's the first Indian investment in upstream oil sector of UAE, transforming buyer-seller relationship to long-term investor relationship, said the ministry of external affairs.