ONGC Videsh Expands Global Footprint with Azerbaijani Oilfield Acquisition

ONGC Videsh Ltd, a branch of the Oil and Natural Gas Corporation, has acquired Norway's Equinor stake in an Azerbaijan oilfield and its pipeline, valued at USD 60 million. The purchase increases ONGC's stake in these assets in an effort to boost thei

By: Devdiscourse

Dec 02 2024
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ONGC Videsh Expands Global Foo

ONGC Videsh Ltd (OVL), the overseas wing of state-run Oil and Natural Gas Corporation (ONGC), has successfully concluded the acquisition of Equinor's stake in an Azerbaijan oilfield, as well as an associated pipeline, for a financial outlay of USD 60... [615 chars]