OIL, OVL & KABIL Sign MoU with IRH, UAE for Global Cooperation in Critical Mineral Supply Chain

Oil India Limited, ONGC Videsh Limited (OVL), and KABIL have signed a Memorandum of Understanding (MoU) with International Resources Holding RSC Ltd. (IRH), UAE on 10th September 2024. The objective of this MoU is to collaborate, identify, acquire, and develop Critical Mineral projects on a global scale, including India. The parties will leverage their respective expertise, resources, and networks to pursue mutually beneficial opportunities and achieve operational excellence and secure a stable supply of critical energy minerals. The focus will be on Project Identification, conducting joint due diligence, collaborating on risk management strategies, and devising a long-term offtake strategy.