, India

ONGC unit, YPF SA sign MOU for enhanced energy cooperation

The partnership will cover the development of upstream oil and gas opportunities.

ONGC Videsh, a wholly-owned subsidiary and overseas unit of India’s national oil firm Oil and Natural Gas Corporation signed a memorandum of understanding with YPF SA, Argentina for an enhanced cooperation in the energy sector.

In a statement, ONGC said the cooperation includes but is not limited to the areas of exploration and development of upstream oil and gas opportunities, promotion of investment, and forging closer ties between research and training centres.

READ MORE: ONGC signs contracts for offshore fields in Arabian Sea, Bay of Bengal

ONGC Videsh holds a state in 32 oil and gas project in 15 countries covering projects in various phases such as exploration, development, producing and pipeline, amongst others.

Meanwhile, YPF SA, which is 51% owned by the Argentine government and 49% listed in the New Yor and Buenos Aires stock exchanges, is engaged in oil and gas exploration and production.

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


Summit Power International provides vital LNG support to Bangladesh
Without cross-border electricity supply, LNG is needed by a country facing geographical constraints to deploy renewables.
PLN focuses digital processes on equitable electricity distribution
State-run firm’s president succeeded in electrifying 76,900 villages and sub-districts throughout Indonesia.
VOX POP: How can vehicle-to-grid technologies boost energy transition?
Vehicle-to-grid (V2G) technology is seen as a groundbreaking innovation towards the resilience of the power grid and the improvement of robust energy transition.