Oil & Natural Gas Corp. of India and China National Petroleum Corp. have signed a memorandum of understanding to expand cooperation in global oil and gas ventures.
“Both companies emphasized that this MOU will go a long way towards establishing a strategic partnership,” ONGC said in a prepared statement.
The companies agreed to increase cooperation directly or through subsidiaries in exploration and production, refining, gas processing, marketing and distribution, and construction and operation of oil and gas pipelines.
They have worked together in Syria, Sudan, and Myanmar.
