New Delhi, July 2 -- India and Japan have agreed to deepen cooperation on strategic oil reserves, energy transport and energy security as both countries seek to strengthen energy resilience amid the current geopolitical situation.

In a joint statement issued by the Ministry of Petroleum and Natural Gas of India and Japan's Ministry of Economy, Trade and Industry following the India-Japan Joint Economic Forum, the two sides said they would work together as responsible powers and major energy-consuming countries in Asia to enhance energy resilience.

The statement follows a meeting between Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi in New Delhi on Thursday.

As part of the agreement, India and Japan will cooper...