Oil India (OIL) agreed to explore the development of city or natural gas distribution network in India and overseas in partnership with IOT Infrastructure & Energy Services.
Both the firms signed a memorandum of understanding (MoU) in this regard recently. The MoU is for the EPC (Engineering-Procurement-Construction) jobs related to the distribution network of gas.
The companies would also cooperate in sharing technology and knowledge, in areas of mutual interests.
According to a spokesperson of OIL, both the firms would jointly take up construction jobs for Natural Gas or Crude Oil or Product Pipelines & associated Pump Stations, within the country and overseas besides pursuing any other business opportunities, which are mutually beneficial to both the parties.
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