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Contract Type
partnership
New DelhiEnergyOil And GasDescription
ONGC and BPCL are actively seeking a foreign partner for their planned greenfield petroleum refineries. In discussions with Saudi Aramco, the two companies are looking to set up separate 12 mmtpa oil refineries, and are considering locations in Andhra Pradesh, Gujarat, and Uttar Pradesh.
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Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months