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ONGC, IOC in umbrella pact

Special Correspondent

NEW DELHI: Oil and Natural Gas Corporation (ONGC) and Indian Oil Corporation (IOC) on Friday signed a memorandum of understanding (MoU) for cooperation in oil and gas exploration, production and marketing. ONGC will support IOC in exploration under the New Exploration Licensing Policy and IOC will help ONGC for marketing its aviation turbine fuel (ATF).

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