ONGC Videsh signs MoU with Argentina’s YPF

Discussion in 'Economy & Infrastructure' started by cobra commando, Sep 3, 2014.

  1. cobra commando

    cobra commando Tharki regiment Veteran Member Senior Member

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    ONGC Videsh Ltd (OVL), the overseas arm of India’s biggest state-owned explorer Oil and Natural Gas Corp. Ltd (ONGC), has signed a memorandum of understanding (MoU) with Argentinian oil major YPF SA for collaboration in the oil and gas sector. The MoU involves working together in the oil and gas exploration and production sector in Argentina, India and other developing countries, said a note issued by ONGC on Wednesday. The two companies will also collaborate in research and development and human resource development projects in the upstream sector. Argentina is an important oil and gas producing country in Latin America. It also has excellent potential for unconventional oil and gas (tight/shale), particularly in the Neuquén Basin.
    ONGC Videsh signs MoU with Argentina’s YPF - Livemint
     
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