The Indian government is considering a proposal for a swap of oil assets between state Oil and Natural Gas Corporation (ONGC) and Cairn Energy, reported the Financial Express. The Ministry of Petroleum and Natural Gas has submitted a proposal for ONGC to acquire Cairn’s equity in two offshore blocks in the Krishna-Godavari and Cambay basin…
Proposal for ONGC to swap assets with Cairn Energy
Posted on July 29, 2004 by EnergyAsia