SOCAR and ONGC intend to trade in oil together
Edited by Rhod Mackenzie / 2016-05-31 12:42:56
State-owned oil companies of Azerbaijan and India have signed a memorandum on cooperation and exchange of experience in the optimization of the oil revenues, SOCAR informs.
SOCAR Trading is a subsidiary of the SOCAR, which sells raw materials. On May 27, SOCAR and the largest Indian state-owned oil and gas corporation ONGC Videsh signed a memorandum of understanding and cooperation in the oil and gas sector. In the document, the parties announced their intention to cooperate in the oil and gas sector and share experience in optimizing revenue from the sale of "black gold".
