New Delhi, Feb. 10 -- State-run Oil and Natural Gas Corporation Limited (ONGC) and global energy major BP have agreed to explore opportunities for collaboration and partnership across the energy industry in India and internationally, focused on oil and gas exploration and production, as well as trading and extending to other energy vectors.
The two companies have signed a memorandum of understanding (MoU) on Monday on the eve of India Energy Week.
Under the terms of the MoU, BP will collaborate with ONGC to jointly explore and evaluate potential business opportunities in oil and gas projects both within India and internationally.
The MoU further encompasses strategic collaboration to create value in trading and in additional energy vecto...