ONGC Videsh (OVL), and the Vietnam oil and gas group PetroVietnam (PV) have signÂed an agreement on cooperation in the field of oil and gas. The framework agreement was signed in the presence of Prime Minister Manmohan Singh and Vietnamese President Truong Tan Sang, who was on a visit to India. The agreement aims to promote long-term coopeÂration in the field of oil and gas, which has been in effect since 1988.
It covers the exchange of information on the petroleum industry, exchange of working visits by officials 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 and India, as well as to third countries.
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