Oil India Ltd signs MoU with HPCL to jointly pursue business opportunities

NEW DELHI: State-owned explorer Oil India Ltd (OIL) has signed an MoU with refiner Hindustan Petroleum Corp Ltd ( HPCL) to jointly pursue business in areas of mutual interest.

The MoU was signed in presence of OIL Chairman and managing director N M Borah and HPCL chairman and managing director S Roy Choudhury last week, the company said in a press statement here.

"The broad areas where both the organisations could partner for business opportunities are E&P activities for hydrocarbons, city gas distribution, pipeline projects, greenfield refineries, research and development and any other area of common interest," it said.