New Delhi, July 2 -- India and Japan on Thursday agreed to deepen cooperation on strategic crude oil stockpiling, petroleum reserve mechanisms, and maritime energy transport value chains during Japanese Prime Minister Sanae Takaichi's three-day official visit here.

According to a joint statement issued by the Ministry of Petroleum and Natural Gas of India and Japan's Ministry of Economy, Trade and Industry (METI) on Energy Resilience, both sides expressed their shared intention to work as responsible powers and major energy-consuming countries in Asia to strengthen energy resilience amid current geopolitical uncertainties.

The two sides agreed to cooperate on the strategic stockpiling ecosystem, including sharing knowledge and experienc...