Mon, May 29, 2023
Indian state oil firms have invested USD 5.46 billion in buying stakes in four different assets in Russia. These include a 49.9 per cent stake in the Vankorneft oil and gas field and another 29.9 per cent in the TAAS-Yuryakh Neftegazodobycha fields.
Tue, Aug 21, 2018
The letter, sent last week, did not state how much of ONGC should be offered to outside investors.
Sun, Feb 11, 2018
The contract for the oilfield in Lower Zakum Concession was signed in Abu Dhabi last evening in the presence of Prime Minister Narendra Modi and Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed al-Nahyan
Sun, Feb 19, 2017
Within two weeks of the Budget announcement of listing all profitable central public sector enterprises, the Department of Investment and Public Asset Management (DIPAM) has issued guidelines detailing the mechanism and procedure for time-bound listing of CPSEs on Stock Exchanges.
Sun, Feb 12, 2017
ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), had in June 2013 bought 10% stake in the Offshore Area 1 from Videocon Group for $2.475 billion. This stake was later divided between OVL and Oil India Ltd in 60:40 ratio.
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