ONGC/OVL, in association with Hinduja Group & Petronet LNG have entered into two broad enabling Agreements with Iranian authorities on Tuesday, the 1st December, 2009, for participation in development of gas fields and liquification facilities in Iran, in return for assured minimum 6 million tonne LNG per annum on long term basis.
A high level Iranian delegation, led by the Deputy Oil Minister and Managing Director of National Iranian Oil Company (NIOC), H.E. Mr. Seifollah Jashnsaz visited New Delhi from 30th November 2009 to 1st December 2009, on invitation of ONGC/OVL and ALPS (a Hinduja Group Company). The delegation comprised of CEOs and other senior functionaries of Oil and Gas organizations of Iran.