MD N K Verma signs historic pact with Equatorial Guinea Minister

OVL and The Republic of Equatorial Guinea have entered into a ‘Memorandum of Understanding’ (MOU) to cooperate in the upstream hydrocarbon sector in Equatorial Guinea. The MOU was signed by OVL MD & CEO Narendra K Verma and Republic of Equatorial Guinea Minister of Mines, Industry and Energy Gabriel Mbaga Obiang Lima on the side-lines of the India-Africa Hydrocarbon Conference being held in Delhi. Under the MOU, the State of Equatorial Guinea will cooperate with ONGC Videsh to explore the potential investment opportunities within the upstream hydrocarbons sector in Equatorial Guinea, as may be of interest to OVL.