ONGC Videsh to concentrate on Higher Value Assets
11.07.2011
Oil and Natural Gas Corporation Ltd., or ONGC, said its wholly-owned subsidiary ONGC Videsh Ltd., or OVL, would concentrate more on acquiring oil and gas properties valuing $4-6 billion. Presently, it had acquired assets worth $2 billion, reports said.
OVL Chairman A.K. Hazarika said, "We have been asked by the Government...