India's IOC, Bangladesh Petroleum to set up JVs

India's IOC, Bangladesh Petroleum to set up JVs

A file photo of oil minister Dharmendra Pradhan, who will witness the signing of a MoU on broad aspects of cooperation between IOC and BPC in Bangladesh opportunities. Photo: Mint

India and Bangladesh will scale up hydrocarbon cooperation this week with state-owned firms Indian Oil Corp. (IOC) and Bangladesh Petroleum Corp. (BPC) entering into joint venture projects, leveraging the expertise of the companies and the geographic advantages of the two nations, said a statement from the oil ministry.

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