India’s upstream company ONGC Videsh has sought government permission to acquire a 15% in Yuganskneftegas, the main production unit of Yukos, in Russia. ONGC Videsh could pay up to $2 billion for the asset in the biggest overseas foray by an Indian oil company, reported Business Standard. In 2001, ONGC Videsh bought a 20% stake…
INDIA: ONGC Videsh to make US$2 billion bid for 15% stake in Yukos unit
Posted on January 10, 2005 by EnergyAsia