ONGC,Petrobras pact announces entry of Petrobras in India

摘要

Mumbai:State owned Oil and Natural Gas Corporation Ltd (ONGC),the numero uno global E&P company from India,and Petroleo Brasileiro S.A.(Petrobras),have signed an agreement on swapping of interests in offshore blocks in India and Brazil.This announcement marks an increased presence of ONGC Videsh Limited's (OVL) in Brazil and the entry of Petrobras into India.