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MUMBAI, March 5 (Reuters) – Indian state-owned Oil and
Natural Gas Corp’s overseas arm and Oil India Ltd
are considering a joint bid for a 20 percent stake in
a Mozambique gas field, two sources familiar with the matter
told Reuters.
U.S. oil and gas explorer Anadarko Petroleum Corp
and Indian billionaire Venugopal Dhoot have launched the auction
of a 20 percent stake in Mozambique’s Rovuma gas field that
could fetch $4.5 billion, sources familiar with the matter told
Reuters.
ONGC Videsh head D. K. Sarraf declined comment. Oil India
Director Finance T. K. Ananth Kumar said all options were open
for the company.
