ONGC Videsh to explore hydrocarbons in Guinea

ONGC Videsh Limited and The Republic of Equatorial Guinea agreed to cooperate in the upstream hydrocarbon sector in Equatorial Guinea. The agreement was signed by Mr Narendra K Verma, Managing Director & CEO, ONGC Videsh Limited on behalf of ONGC Videsh and H.E. Mr. Gabriel Mbaga Obiang Lima, Minister of Mines, Industry and Energy, on behalf of the Republic of Equatorial Guinea at New Delhi, India on the side-lines of the India-Africa Hydrocarbon Conference being held in Delhi.

Under the agreement, the State of Equatorial Guinea will cooperate with ONGC Videsh to explore the potential investment opportunities within the upstream hydrocarbons sector in Equatorial Guinea, as may be of interest to ONGC Videsh.