With the Indo-US nuclear deal throwing open new vistas of nuclear power generation in the country, Oil and Natural Gas Corporation Ltd (ONGC) will shortly ink a memorandum of understanding (MoU) with State-owned Uranium Corporation of India for exploration and mining of the fissile matter. A number of companies have showed interest in nuclear power generation in India.
ONGC is trying to explore new avenues in countries such as Venezuela, Columbia and others and increase its overseas output from the current eight million tonnes a year. ONGC, which has seven onshore and offshore hydrocarbon fields in India, was active across 17 countries at present. India currently imports almost 80 per cent of its domestic crude necessity of 120 million tonnes annually.
ONGC is trying to explore new avenues in countries such as Venezuela, Columbia and others and increase its overseas output from the current eight million tonnes a year. ONGC, which has seven onshore and offshore hydrocarbon fields in India, was active across 17 countries at present. India currently imports almost 80 per cent of its domestic crude necessity of 120 million tonnes annually.
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