ONGC Videsh sign MoU with Rosneft
Source: IRIS | 26 May, 2014, 11.36AM
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Oil & Natural Gas Corporation announced that Rosneft and ONGC Videsh has signed memorandum of understanding (MoU) for cooperation in exploration, appraisal and hydrocarbon production on the continental shelf of the Russian Federation. The parties will jointly consider forming a consortium led by Rosneft and involving other partners. Shares of the company gained Rs 16, or 3.93%, to trade at Rs 423.50. The total volume of shares traded was 321,045 at the BSE (11.25 a.m., Monday).
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