ONGC Teams Up With Sonangol

28 January 2010 (Last Updated January 28th, 2010 18:30)

India's state-owned Oil and Natural Gas Corporation (ONGC) is to team up with Angola's state-owned Sonangol to bid for oil and gas blocks. ONGC has signed a memorandum of understanding with Sonangol to jointly explore oil and gas in India and other countries, according to media reports

India's state-owned Oil and Natural Gas Corporation (ONGC) is to team up with Angola's state-owned Sonangol to bid for oil and gas blocks.

ONGC has signed a memorandum of understanding with Sonangol to jointly explore oil and gas in India and other countries, according to media reports.

Indian Oil Corporation has also reportedly offered to build a multi-billon refinery in Angola.