Last year, ONGC
became the first corporate to scale the Everest.
The new policies concerning oil and mining sector, as referred in the reply of ONGC
to NSE and BSE, though not amply clarified in the reply, were pertaining to policies like purchase preference policy, steel policy, GST policy etc.
Videsh and GeoPark will form a joint Business Development Group headquartered in Bogota, Colombia.
Videsh is a wholly owned subsidiary of Oil and Natural Gas Corp.
In this process, ONGC
has acquired significant mid-stream and downstream capacity and will attain economies of scale at various levels of operations.
So far, four bodies have been recovered, ONGC
said in a statement to PTI.
Of the 501 wells drilled, 334 wells were in onshore and the remaining 167 in offshore," said ONGC
chairman and managing director Dinesh K Sarraf.
The Times of India said ONGC
Videsh wants a "reasonable" rate of return on the investment, while Iran is only offering a fixed fee.
NPCC is owned by Senaat, an Abu Dhabi Government Holding Company, and has successfully executed several EPC projects for ONGC
over the past three decades.
Unlike 2011, when it had provisional approval for Cairn being obtained by Vedanta Group to determine the royalty argument, ONGC
had not put any prerequisite this instant, sources with direct knowledge of the expansion said.
But Vasudeva and Sarraf knew that not only was the EGoM likely to endorse the sale anyway, but that the government would also insist ONGC
and Oil India Ltd buy five per cent each of IOC.
New Delhi: India's Oil and Natural Gas Corp, or ONGC
wants to take advantage of falling oil prices to more than double its overseas output to the equivalent of 400,000 barrels per day of oil by 2018, chairman D.