After receiving approval for the commercial viability of natural gas production from the Farsi block in Iran, the overseas arm of Oil and Natural Gas Corporation, OVL, has now submitted a feasibility report for the oil discovery it made in the block two years ago. For full story, click here
OVL has a chance to save around $1 billion in the $2.1-billion deal for acquiring the UK-listed Imperial Energy. For full story, click here
In a boost to ONGC Videsh’s bid to buyout Imperial Energy, Russia said it will not set any pre-condition like a stake for its state-run firms in exchange for giving approval to the acquisition. For full story, click here
In a boost to ONGC Videsh’s bid to buyout Imperial Energy, Russia said it will not set any pre-condition like a stake for its state-run firms in exchange for giving approval to the acquisition. For full story, click here
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