ONGC | Egypt Oil & Gas
ExxonMobil in Talks to Buy Stakes in Indian Oil fields
Indian Oil Minister, Dharmendra Pradhan, stated that ExxonMobil is on talks to buy a stake in oil and gas fields in India, according to Economic times. The Minister added that India is looking to simulate Texas model ...
ENOC Purchases India’s Naphtha
The Emirates National Oil Company (ENOC) has purchased 35,000 tonnes of naphtha from India’s Oil and National Gas Corporation (ONGC), according to trade sources, Reuters reported. ENOC was awarded the tender of sellin...
SABIC Looks to Buy 50% Stake in Indian Petchem Plant
Saudi Basic Industries Corp (SABIC) is looking to purchase around 50% of the $4.6 billion Indian petchem project backed by Oil and Natural Gas Corporation (ONGC), Reuters reported. Saudi Aramco and Petrochemical Indus...
Iran to Receive $11b Investments from India
India’s Oil and Natural Gas Corporation ONGC Videsh is aiming to invest $6b in the giant Iranian natural gas field, Farzad-B, and spend more $5b to build a liquefied natural gas export facility. The field is estimated...
Sudan Delayed Block 2B License Extension
The government of Sudan has delayed an extension to Oil and Natural Gas Corporation Limited (ONGC) Videsh’s license on Block 2B as it seeks higher royalties, tax, and profit, Ecofin Agency reported. The license for Bl...
OVL Buys Stake in Massive Russian Field
Indian firm OVL is buying a 15% stake in the massive Siberian oil field in Russia’s far East, Dispatch Times reported. The deal was finalized over the Vankor field, the second largest in Russia. Up to this point the f...
India’s ONGC Pursuing Gas and LNG Deal Worth $24b in Mozambique
India’s state-run exploration company ONGC is investing in a massive offshore Mozambique gas field with estimated reserves of more than 75 tcf, reported the India Economic Times. The Area 1 Rovuma offshore field will ...
Ras Gharib’s First Crude Cargo Purchased by India’s MRPL
Mangalore Refinery and Petrochemicals has made its first purchase of Egypt’s Ras Gharib crude, two sources with knowledge of the tender award said. The purchase is for loading in first half of July. Trader Vitol...
