Tag Archives: ONGC Videsh Ltd

Indian Parastatal buys into a natural gas block in Mozambique

ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) have completed the acquisition of Videocon Group’s 10 per cent stake in a giant Mozambique gas field for $ 2.475 billion, according to the company statement released yesterday. OVL, the overseas arm of the Indian state-run explorer Oil & Natural Gas …

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