ONGC announces signing of MoU between ONGC Videsh and YPF S.A.

For cooperation in hydrocarbon sector

Oil & Natural Gas Corporation announced that ONGC Videsh and YPF S.A., the major oil producing company in Argentina have entered into a Memorandum of Understanding (MoU) on 01 September 2014 to cooperate in the hydrocarbon sector.

Under the MoU, the two companies will analyse the opportunities for cooperation in upstream sector in Argentina, India and third countries. The MoU also envisages collaboration in the areas of research and development and human resources.

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