Indian firms bid on Mozambique gas field stake

3/14/2013

Indian firms bid on Mozambique gas field stake

MUMBAI - ONGC and Oil India have made a joint bid to buy a 20% stake in a Mozambique gas field, Bloomberg News reported citing a person with direct knowledge of the matter.

ONGC and Oil India bid for shares being sold by Anadarko Petroleum and Videocon Industries, the person said, asking not to be identified because the information isn't public. The sellers are divesting 10% each in the Rovuma-1 offshore block, the report said.

Dow Jones Newswires

Related News ///

FROM THE ARCHIVE ///

Comments ///

comments powered by Disqus