Indian Oil and Korea Gas Corporation (KOGAS) signed an MoU on joint participation in exploration and production of gas and oil at the global level and developing natural gas infrastructure projects and LNG sourcing. The MoU was signed by A K Marchanda, Executive Director (Gas), Indian Oil and Hyun Kun Shin, Exec VP (LNG Terminal Division), KOGAS, in the presence of A M K Sinha, Director (Planning and BD), Indian oil on the sidelines of the Petrotech-2012, the 10th International Oil & Gas Conference and Exhibition.
Later, the KOGAS officials met R S Butola, Chairman, Indian Oil at a meeting in which Butola emphasised the need to carry the MoU forward and make progress in areas identified for co-operation in a time-bound manner. V Damodaran, Executive Director (Ennore LNG project), Sunil Gupta, General Manager (Gas), Indian Oil and H S Lim, Senior Manager (Plant Business Team) from KOGAS were also present during the signing of the MoU.