Aramco, IOC study future collaboration

Saudi Aramco and Indian Oil Corp. Ltd. signed a memorandum of collaboration to evaluate cooperation in petroleum research and development and the commercial production of any resulting technologies.

March 31, 2005

By OGJ editors

HOUSTON, Mar. 31 -- Saudi Aramco and Indian Oil Corp. Ltd. signed a memorandum of collaboration to evaluate cooperation in petroleum research and development and the commercial production of any resulting technologies.

The agreement includes teamwork in the production of cleaner fuels, refinery process improvements, corrosion control, and bioremediation.