ONGC in talks with Rosneft to buy stake in Madagan 2 oil, gas block

10/15/2012

ONGC in talks with Rosneft to buy stake in Madagan 2 oil, gas block

BY SAURABH CHATURVEDI

NEW DELHI -- India's Oil & Natural Gas is in talks to buy a stake in oil and gas block of Rosneft, a senior executive at ONGC's overseas exploration unit told reporters.

D.K. Sarraf, Managing Director of ONGC Videsh., said a team from the company recently returned from Russia after collecting data about Rosneft's Madagan 2 block. He declined to elaborate."ONGC is aggressively looking to expand its overseas portfolio," he said.

Dow Jones Newswires

Related News ///

FROM THE ARCHIVE ///

Comments ///

comments powered by Disqus