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

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

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

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.