State-owned explorer Oil India Ltd (OIL) has signed an MoU with refiner Hindustan Petroleum Corp Ltd (HPCL) to jointly pursue business in areas of mutual interest.
The MoU was signed in presence of OIL Chairman and Managing Director N M Borah and HPCL Chairman and Managing Director S Roy Choudhury last week, the company said in a press statement here.
"The broad areas where both the organisations could partner for business opportunities are E&P activities for hydrocarbons, city gas distribution, pipeline projects, greenfield refineries, research and development and any other area of common interest," it said.
