Reliance Industries and Mangalore Refinery and Petrochemical Ltd (MRPL) have committed to buy up to 45 per cent of the crude oil ONGC Videsh Ltd and its partners plan to
The government today permitted ONGC and GAIL to pick 12.5 per cent stake in a pipeline that China is building in Myanmar, and allowed them to invest $1 billion more in fields that will provide gas to be shipped to China through the pipeline.
IOC and Oil India Ltd have proposed an investment of about $ 5billion.
Oil India Ltd are likely to invest about USD 4 billion.
OVL has valued Imperial's 2P oil and gas reserves at $2.5-3 per barrel.
OVL bagged blocks CPO-5 and SSJN-7.
Oil and Natural Gas Corporation today said it has no plans to list its overseas subsidiary ONGC Videsh Ltd (OVL) and has 'ready cash' to meet fund
India's ONGC Videsh Ltd today beat arch rival China to launch a takeover bid for UK-listed Imperial Energy at 1.4 billion pounds (about $2.58 billion).
Stay informed on our latest news!