PM Narendra Modi to inaugurate Urja Sangam on March 27.

Prime Minister Narendra Modi soon will inaugurate a mega energy conclave, Urja Sangam, to mark Golden Jubilee of India's flagship overseas oil firm ONGC Videsh Ltd. that has amassed assets worth USD 45 billion since its inception.

Started as Hydrocarbons India Pvt Ltd. on March 5, 1965 to carry out exploration and development of the Rostam and Raksh oil fields in Iran and undertaking a service contract in Iraq, OVL has 36 projects in 17 countries.

Rechristened as ONGC Videsh Limited on June 15, 1989 with the objective of marketing the expertise of its parent Oil and Natural Gas Corp (ONGC) abroad, it owns reserves in excess of 600 million tonnes of oil and oil equivalent gas.

'To celebrate 50 years of success, Urja Sangam 2015 conference with the theme 'Shaping India's Energy Security' is being held on March 27,' an official said.


ET