OVL talks with Shell for sale of 10-15 pc stake
ONGC Videsh Ltd is in talks with Shell to find out whether the world's fourth largest oil company is interested in acquiring 10-15 per cent stake in its Nigerian blocks.
By PTI |
NEW DELHI: ONGC Videsh Ltd is in talks with Shell to find out whether the world's fourth largest oil company is interested in acquiring 10-15 per cent stake in its Nigerian blocks.
"We are talking to Shell because they have evinced interest for participating in the Nigerian blocks and their team was here," ONGC's Chairman and Managing Director R S Sharma told reporters.
On oil shipment from the Sakhalin fields in Russia, he said the second consignment of crude was expected in the next 10 days.
"The cargo would be about the same quantity as the first one," Sharma said.
The first shipment of 90,000 tonnes had arrived in India on December 2.
"We are talking to Shell because they have evinced interest for participating in the Nigerian blocks and their team was here," ONGC's Chairman and Managing Director R S Sharma told reporters.
On oil shipment from the Sakhalin fields in Russia, he said the second consignment of crude was expected in the next 10 days.
"The cargo would be about the same quantity as the first one," Sharma said.
The first shipment of 90,000 tonnes had arrived in India on December 2.
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