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
BHEL may have power venture at Nano's Singur site
There is a flicker of hope for Tata Motors’ abandoned Singur site. A team from government-owned Bharat Heavy Electricals Ltd (BHEL) today visited the place, along with state government officials, for a possible project with the West Bengal Power Development Corporation.
Popular Articles

RIL threatens to pull out of exploration
Reliance Industries has threatened to stop oil and gas exploration if it is not granted the promised drilling moratorium to cover for the acute shortage of rigs.

Hexaware Q3 net profit at Rs 41cr
Hexaware’s net profit for the third quarter ended September 30, 2009 jumped over threefold to Rs 41.3 crore from Rs 11.5 crore in the corresponding quarter last year.

© Copyright 2009