Oil India (OIL) has signed a Memorandum of Understanding (MoU) with GAIL (India) to strengthen cooperation across the natural gas value chain and unlock synergies for expanding access to cleaner energy across the country. The MoU represents a significant step in leveraging OIL’s upstream strengths alongside GAIL’s proven expertise in marketing and gas distribution infrastructure to accelerate the country’s progress towards a gas-based economy while creating value for all stakeholders.
Oil India, a navratna company, is Asia's oldest and biggest pioneer oil exploration and Production Company.
