Ovl signs agreement with Argentinian firm

ONGC Videsh Ltd (OVL) has signed an agreement with Argentinian energy firm YPF SA for jointly investing in oil and gas fields in the Latin American nation and elsewhere. OVL and YPF signed a Memorandum of Understanding (MoU) to cooperate in the hydrocarbon sector. Under the MoU, the two companies will analyse the opportunities for cooperation in the upstream sector in Argentina, India and third countries. The MoU also envisages collaboration in the areas of research and development and human resources. Contact: ONGC Videsh. Tel: 011-2373 0368. Fax: 011-2373 0369. Website: www.ongcvidesh.com