OVL-OIL offers $5 bn for 20% in Africa gas fieldCloses in on the stake put on the block by Videocon, US'

    After buying ConocoPhillips’ 8.4 per cent stake in a Kazakhstan oil field for $5 billion last year, ONGC Videsh Ltd (OVL) and its partner Oil India Ltd (OIL) have closed in on another energy asset in Africa. The consortium has offered up to $5 billion to buy the combined 20...