Signing of MOU between ONGC Videsh and Mubadala Petroleum

Mr. N K Verma, Managing Director ONGC Videsh and Mr. Musabeh Al Kabi, CEO Mubadala Petroleum, Abu Dhabi signed a MOU on 6 th February, 2017 for future collaboration between two companies in upstream oil and gas exploration, development and production projects in third countries. The current MOU is an extension of earlier MOU signed between the two companies on 29 th September, 2014. Considering the similar objectives of the two companies mandated by their respective governments and recent resolve of the two governments for increased collaboration, the two companies decided to extend the MOU for a period of another two years till September, 2018. Broad geographical areas for cooperation have also been identified during the meeting.

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