Decarbonization ONGC Videsh Enters into MOU with Petrobras

Source: Press release ONGC 0 min Reading Time

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Under a MOU signed between ONGC Videsh and Petrobras, both the companies will work together to explore opportunities across diverse areas such as upstream, marketing, decarbonization, and low-carbon solutions, etc.

CEO of Petrobras Magda Chambriard with Minister of Petroleum and Natural Gas of India Hardeep Singh Puri.(Source:  ONGC)
CEO of Petrobras Magda Chambriard with Minister of Petroleum and Natural Gas of India Hardeep Singh Puri.
(Source: ONGC)

Delhi/India – ONGC Videsh has signed a non-binding memorandum of understanding (MOU) with Petróleo Brasileiro on 12 February 2025 aimed at assessing opportunities in the areas of upstream, marketing, decarbonization, and low-carbon solutions, among others.

The agreement is aligned with Petrobras' strategy to develop partnerships that allow for the sharing of risks and expertise, seeking to strengthen the company as an integrated energy enterprise and contributing to the success of a fair and responsible energy transition.

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