Business Ideas

OVL joins hands with Raspol, Petronas for Venezuelan fields

Oil and Natural Gas Corporation has replaced Reliance Industries with Repsol YPF SA, Spain"s biggest oil company, and Malaysia"s Petronas to bid for Venezuelan oil blocks next month. ONGC Videsh, the overseas investment arm of state-run explorer, is likely to bid for the massive Carabobo project in Venezuela"s Orinoco heavy oil belt with Repsol, Petronas, Indian Oil Corp (IOC) and Oil India, sources in know said. OVL already has a 40 per cent stake in the 40,000 barrels per day San Cristobal oilfield in Venezuela.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

Categories
Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business
News of the day
Housing ministry to bring out model real estate bill
For promoting a planned and healthy real estate development of colonies and apartments in big cities, Union Housing and Urban Poverty Alleviation Ministry has drafted a bill and invited suggestions from experts.
Popular Articles

Ranbaxy seeks govt nod for excess pay to directors
Domestic pharma major Ranbaxy, now owned by Japan"s Daiichi Sankyo, cut the remuneration to its directors by about Rs 3.5 crore in last fiscal, but the payout still exceeded the limits prescribed by the government.

Carlson ties up with local player to open luxury brand Regent
Global hospitality chain Carlson today announced plans to open its luxury brand Regent in India with the opening of a hotel in Gurgaon in 2013.

© Copyright 2009