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ONGC Videsh

ONGC Videsh has less than $100 mn stuck in Russia, says official

ONGC Videsh has less than $100 mn stuck in Russia, says official

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.

Centre tells state oil firm ONGC to list overseas unit

Centre tells state oil firm ONGC to list overseas unit

Tue, Aug 21, 2018

The letter, sent last week, did not state how much of ONGC should be offered to outside investors.

OVL, partners acquire 10% stake in Abu Dhabi oilfield for $600 million

OVL, partners acquire 10% stake in Abu Dhabi oilfield for $600 million

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

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CPSE IPOs within 22 weeks of govt nod

CPSE IPOs within 22 weeks of govt nod

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.

ONGC's $2.4 billion Mozambique deal under Oil Min scanner

ONGC's $2.4 billion Mozambique deal under Oil Min scanner

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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