OIL signs pact with Assam Hydrocarbon & Energy Co

State-owned Oil India Ltd on Tuesday said it has signed a preliminary agreement with Assam Hydrocarbon and Energy Company Ltd (AHECL) for cooperation in oil and gas exploration and development as well as the marketing of natural gas in Assam.

The memorandum of understanding (MoU) was signed in Guwahati on Monday, OIL said in a statement.

“The MoU is aimed at establishing a joint institutional framework to facilitate bilateral cooperation in hydrocarbon exploration and development and marketing of natural gas in the state of Assam for mutual benefit,” it said.