Pemex and Reliance Industries sign cooperation agreement

Source: www.gulfoilandgas.com 12/4/2014, Location: South America

Petroleos Mexicanos and the oil company Reliance Industries, India signed a memorandum of understanding (MOU, for its acronym in English) in order to exchange experiences and foster technological collaboration.

The agreement, signed by the CEO of Pemex Emilio Lozoya, and executive director of Reliance Industries Limited, PMS Prasad also stipulates that both companies jointly explore business opportunities in various areas of the hydrocarbon chain in both exploration and production issues such as refining and industrial processing.

The agreement also includes technical exchanges and training workshops, serving the interests of both sides to strengthen human talent and specialized training of cadres. Pemex and Reliance coincide in the commitment to promote sustainable activities and social responsibility, so that the MOU covers exchange of knowledge and information in this area.


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