OVL to raise $3 billion for Kazakh acquisition

29.05.2013
    ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), plans to raise at least US $ 3 billion in debt to part-fund acquisition of US energy giant ConocoPhillips' stake in a Kazazkhstan oilfield, reported The Times of India.     "We can take US $ 1.5 billion loan...