CEO of Petrobras Magda Chambriard with Hon’ble Minister of Petroleum and Natural Gas Hardeep Singh PuriCEO of Petrobras Magda Chambriard with Hon’ble Minister of Petroleum and Natural Gas Hardeep Singh Puri

ONGC Videsh signed a non-binding memorandum of understanding (“MoU”) with Petróleo Brasileiro S.A. on 12 February 2025 aimed at assessing opportunities in the areas of upstream, marketing, decarbonization, and low-carbon solutions, among others.

The agreement is aligned with Petrobras’ strategy to develop partnerships that allow for the sharing of risks and expertise, seeking to strengthen the company as an integrated energy enterprise and contributing to the success of a fair and responsible energy transition.