China, India sign agreement to jointly explore oil and gas

(MONEY CONTROL) State-owned Oil and Natural Gas Corp (ONGC) has signed an agreement with China’s largest oil firm, CNPC to jointly explore for oil and gas worldwide.

ONGC yesterday signed a Memorandum ofUnderstanding with China National Petroleum Corp (CNPC) for jointly purusing exploration and production opportunities in third countries, official sources said.

China & India to cooperate on upstream, refining, distribution, and pipeline construction. Picture credit CNPC.

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