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OVL raises $800 million to part-finance oilfield in Azerbaijan

Last Updated: Tuesday, April 30, 2013, 13:45

ONGC Videsh Ltd, the overseas arm of state-owned Oil & Natural Gas Corp (ONGC), today said it has raised USD 800 million to part-finance its recent acquisition of interest in an oilfield in Azerbaijan.

Hess completes sale of Azeri oilfield stake to OVL

Last Updated: Friday, March 29, 2013, 17:15

US energy major Hess Corporation has announced that it has completed the sale of its stake in an Azerbaijan oilfield to ONGC Videsh Ltd for USD 1 billion.

CCEA to consider approving OVL's $1 billion Azerbaijan acquisition

Last Updated: Thursday, January 31, 2013, 11:05

The Cabinet Committee on Economic Affairs (CCEA) is likely to consider on Thursday approving ONGC Videsh Ltd's USD 1 billion acquisition of a stake in an Azerbaijan oilfield.