The "sweeping co-operation" agreement - signed by Equatorial Guinea's Ministry of Mines, Industry & Energy and ONGC Videsh - could encompass several areas of the oil and gas industry, ONGC said on Wednesday.
The MoU provides a comprehensive basis for co-operation in in areas including offshore oil and gas exploration in Equatorial Guinea, plus midstream and downstream projects.
The MoU is "considered the foundation for future discussions that will take place in the coming weeks between the both parties to reach further agreements", ONGC said.
ONGC
