Jun. 20 – China’s largest energy firm, China National Petroleum Corp. (CNPC), and India’s flagship oil and gas explorer, Oil and Natural Gas Corp. (ONGC), have signed an agreement to jointly explore potential energy assets overseas. China and India hope to combine their financial resources and expertise to better secure energy supplies for their rapidly-expanding economies. This is not the first time there has been cooperation between China and India’s chief oil producers. In 2006, CNPC and ONGC agreed to a series of pacts covering all segments of the oil industry. These pacts, however, never manifested into an efficient working … Continue reading →