ONGC with Hindujas to Invest in Iran

Thebullishtrends: As per the latest reports the PSU oil major ONGC and and Hinduja Group plans to invest $ 10 billion for developing oil and gas fields in Iran. ONGC's subsidiary ONGC Videsh Ltd and Hinduja's Ashok Leyland Project Services Ltd plans to sign an MOU with Naftiran Intertrade Co and Petropars Ltd.