Reposted from The Wall Street Journal
By Rakesh Sharma

NEW DELHI – ONGC Videsh Ltd. Wednesday said it has signed a three-year pact with PetroVietnam for long-term cooperation in the oil and gas industry as it seeks to increase investments in Vietnam for exploration and production.

Both state-run companies will explore investments in the petroleum sector, exchange information on the oil and gas industry and expand exploration and production operations including refining, transportation and supply in Vietnam, India and other countries, ONGC Videsh said in a statement. More…