[lbo-talk] Indian corp ONGC inks MoU with PetroEcuador

uvj at vsnl.com uvj at vsnl.com
Sun Jul 23 17:39:54 PDT 2006


Business Standard http://www.business-standard.com/

Thursday,Jul 20,2006

ONGC Videsh inks MoU with PetroEcuador http://www.business-standard.com/common/storypage_c.php?leftnm=11&bKeyFlag=IN&autono=3205

Press Trust of India / New Delhi July 19, 2006

ONGC Videsh (OVL) today signed an MoU with Ecuador State oil company PetroEcuador to bid jointly for oil and gas blocks in Ecuador and other countries.

OVL shall also study investments in liquid natural gas in Ecuador, official sources said.

PetroEcuador and OVL would form a JV for exploitation of hydrocarbons in existing and new areas.

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