An MoU is not a specific contract. It is a general contract that can include any area of work and cooperation.
The contract, however, could be on oil and gas exploration cooperation onshore and offshore, as oil and gas are the main area of hydro-carbon contract.
Indian Oil and Natural Gas Corporation (ONGC) is currently engaged in gas exploration work in Bangladesh after competing international bidding.
If both the countries intend to do any work bilaterally, this MoU will help them. They can engage any company without any tender.
Dr Mohammad Tamim spoke to Eyamin Sajid over the phone. Mohammad Tamim is an energy expert and professor of Buet