OIL, OVL & KABIL sign MoU with IRH, UAE for Global cooperation in Critical Mineral supply chain

A Memorandum of Understanding (MoU) was signed between Indian entities comprising of Oil India Limited, OVL & KABIL and International Resources Holding RSC Ltd. (IRH), UAE on 10th September 2024 for global cooperation in Critical Mineral supply chain primarily with the objective of collaboration, identification, acquisition, and development of Critical Mineral projects on a global scale, including India.

Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel

Read Also : NALCO Hosts Media Connect 2025 in Bhubaneswar

The Parties intend to leverage their respective expertise, resources, and networks to pursue opportunities that are mutually beneficial and to achieve operational excellence and secure a stable supply of critical energy minerals.

Read Also : DVC Tubed Coal Mines Organizes Tribal Football Tournament Under TDP

Under the terms of the MoU, the Parties will work together in a cooperative and coordinated manner and will focus on Project Identification, conducting joint due diligence, collaborate on risk management strategies and devise a long-term offtake strategy.

Read Also : NTPC launches 3-month-long Vigilance Awareness campaign ahead of VAW 2025