Much before the highly acclaimed USD 7.2 billion Reliance-BP deal, it was state-run ONGC that had proposed a strategic alliance with Europe`s second biggest oil firm but was rejected by the oil ministry.
The oil leak that created a
mile-long slick some 80 km off the Mumbai Coast this morning
has been brought under control and the spill is likely to
disperse within 48 hours, state-owned Oil and Natural Gas
Corp (ONGC) said.