|
Oil and Natural Gas Corporations overseas investment arm, ONGC Videsh, has based an offshore exploration block in Vietnam with an estimated 1 billion barrels of in-place oil. This is ONGC Videshs third major success there and proves wrong the oil ministrys recent criticism that it cannot strike international deals without government crutch. ONGC Videsh will control operations of Block 128,awarded last week, as well as Block 127 it won in September. The company is the operator in five blocks in four countries. |
|
|
|
|
| Posted : 11/8/2005 |
|
|
|
|
