SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

ONGC Videsh inks MoU with Uzbekistan's firm

19 May 2011 Evaluate

State-owned Oil and Natural Gas Corporation’s (ONGC), overseas arm ONGC Videsh (OVL) has signed an agreement for co-operation with the national oil company of Uzbekistan - Uzbekneftegaz (UNG).

As per the terms of memorandum of understanding (MoU), there will be formation of Joint Working Group consisting of experts from both the companies for identifying specific oil and gas fields in Uzbekistan and the areas in third countries for E&P activities through joint co-operation.

Recently, ONGC Videsh‘s oil and oil-equivalent gas output rose an annual 6.3% in the 2010/11 fiscal year. ONGC Videsh’s output in the last fiscal that ended in March rose to 9.433 million tonnes or 188,660 barrel per day (bpd), from 8.87 million tonnes or 177,400 bpd a year ago.

Uzbekistan has long been an important gas producer and in terms of global gas supply it is been ranked 13th.

ONGC Share Price

283.05 -0.30 (-0.11%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
ONGC 283.05
Oil India 465.35
Jindal Drilling&Inds 535.35
Deep Industries 473.85
Asian Energy Service 312.75
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×