Hindustan Petroleum Corporation Ltd (HPCL) and ONGC
have signed a wide-ranging cooperation agreement in
energy and related fields.
agreement will assure domestic oil supplies to HPCL
from ONGC and its subsidiary MRPL, helping it to reduce
its imports, in return HPCL will provide infrastructure
support and services to the two companies.
will also agreed their expertise in downstream and upstream
sectors respectively, by providing training support
to each others'' employees.
and ONGC have also agreed to support each other and
jointly evaluate possibilities to collaborate in the
fields of oil exploration, refining, marketing, infrastructure
development, petrochemicals and other energy and related
ventures in India and abroad.