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An overseas arm of Oil and Natural Gas Corp (ONGC), ONGC Videsh Ltd has entered into an agreement with Republic of Equatorial Guinea for cooperation in upstream hydrocarbon sector in the African nation.
OVL said in a statement that “Under the MOU, 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.”
