ONGC announces signing of MoU between ONGC Videsh & Turkish Petroleum Corporation

For joint cooperation in hydrocarbon sector

Oil & Natural Gas Corporation announced that the Company's wholly owned subsidiary ONGC Videsh entered into a Memorandum of Understanding (MoU) with Turkish Petroleum Corporation (TPAO) on the sidelines of World Petroleum Congress (WPC) 2014 at Moscow.

The MoU paves way for joint cooperation between National Oil Companies in the hydrocarbon sector. It envisages two companies working together for E&P activities in Turkey, joint participation in bidding for opportunities including exploration bid rounds in third countries and pursuit of hydrocarbon area related research and development activities.

Powered by Capital Market - Live News