On 12 October, OVL & PetroVietnam signed an agreement of cooperation in the presence of President of Socialist Republic of Vietnam, Truong Tan Sang and the Prime Minister of India, Dr. Manmohan Singh, in New Delhi.
"The Agreement was signed by Dr. Phung Dinh Thuc, Chairman of the Board of Directors, PetroVietnam and Mr. D.K. Sarraf, CEO and Managing Director, OVL"
The Acting Chairman, President & CEO of Petro, Vietnam, Dr. Phung Dinh Thuc and the Managing Director, OVL, Shri D.K. Sarraf signing an agreement on Cooperation between Vietnam Oil and Gas Group (Petro Vietnam) and ONGC Videsh Ltd (ONGC-VL) in Oil and Gas Sector, in the presence of the President of Vietnam, Truong Tan Sang and the Prime Minister, Dr. Manmohan Singh, in New Delhi on October 12, 2011.
The agreement is intended for developing long term cooperation in oil and gas industry and shall be in force and effect for three years.
The companies will exchange information on the petroleum industry, exchange of working visits of authorities and specialists in various domains of the petroleum industry, new investments, expansion and operations of oil and gas exploration and production including refining, transportation and supply in Vietnam, India, and third countries according to the laws and regulations of their countries.
PVC.VN
