New Delhi, February 12, 2025 – ONGC, MRPL, and SOCAR have signed a non-binding Memorandum of Understanding (MoU) at India Energy Week 2025 to explore strategic opportunities in energy collaboration.
Key Areas of Cooperation
✔ Crude Oil & LNG Supply – Strengthening trade in energy resources
✔ Petroleum Products Trade – Expanding sales and supply networks
✔ Energy Trading – Exploring new trading opportunities
✔ Capacity Building – Enhancing expertise and operational efficiency
Strengthening India-Azerbaijan Energy Ties
This partnership will reinforce ONGC Videsh Limited’s presence in Azerbaijan, particularly in the Azeri–Chirag–Gunashli (ACG) oil field and the Baku–Tbilisi–Ceyhan (BTC) pipeline. The MoU paves the way for new avenues of collaboration, further solidifying India-Azerbaijan energy relations.
