India's Prime Minister, Dr Manmohan Singh, has said India is "desperately short of hydrocarbons", and that nuclear energy cooperation will be an important area for Indo-Russian ties demonstrated by the agreement to supply fuel for the Tarapur plant, even as he announced that India would aim to buy one billion barrels per day of oil from Russia.The Prime Minister and visiting Russian premier, Mr Mikhail Fradkov, have signed seven agreements including two each for cooperation in the Russian GPS system, Glonass and banking.
Russia has agreed to supply 60 metric tons of low enriched uranium under the "safety exception" clause of the Nuclear Suppliers' group guidelines.
