ONGC and Shell agreement

ONGC and Shell BV have signed a MoU to examine significant opportunities for future co-operation both in India and other regions across the world. The MoU covers possible areas of co-operation across the full range of upstream and downstream activities, including exploration and production, coal gasification, natural gas, oil products and refining and petrochemicals. Shell and ONGC will set up a joint steering committee to manage co-operation between the two companies and identify those opportunities which will be further developed into binding agreements and full-scale projects.

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