 "Petrovietnam, ONGC Videsh sign oil exploration pact")
Hanoi: State oil group Petrovietnam and the overseas unit of state explorer Oil and Natural Gas Corp have signed a memorandum on joint exploration of crude oil, the Vietnam News Agency reported on Thursday.
[caption id=“attachment_1220795” align=“alignright” width=“380”]  Reuters[/caption]The exploration pact between Petrovietnam and ONGC Videsh Ltd would allow activities in Vietnam, India as well as in a third country.
Vietnam’s Industry and Trade Ministry also signed a memorandum with Tata Power Company Ltd on the construction of a $1.8 billion thermal power plant in Vietnam’s southern province of Soc Trang, the agency said.
The pacts were signed on Wednesday during a visit to India by Vietnam’s Communist Party General Secretary Nguyen Phu Trong, the report said.
Reuters
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