ONGC Videsh agrees $60m deal to acquire Azeri oil stake

In:

Oil & gas

Region:

Asia-Pacific

ONGC Videsh has agreed to acquire a 0.615% stake in Azeri Chirag Gunashli (ACG) oilfield from Equinor for $60 million. The company will also take on a 0.737% share in the Baku Tbilisi Ceyhan pipeline. These acquisitions will complement ONGC Videsh's existing stakes, which stood at 2.31% and...

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