ONGC, OIL ink agreement with Bangladesh.

The government is set to award two shallow water blocks to India's ONGC Videsh Ltd. recently for oil and gas exploration after one year of floating the bidding.

State-owned Petrobangla will ink two production sharing contracts (PSCs) with the ONGC for two shallow water blocks-SS-04 and SS-09 -- in the Bay of Bengal, a senior Petrobangla official said recently.

THE FINANCIAL EXPRESS