ONGC seeks Govt nod for Nigeria
ONGC has sought Govt approval to acquire a 90% stake in Nigerian deepwater blocks 321 and 323.Updated: Feb 02, 2006 18:02 IST
The state-run Oil and Natural Gas Corp Ltd has sought government approval to acquire a 90 per cent stake in Nigerian deepwater blocks 321 and 323, a top company official said on Thursday.
"We have sought cabinet approval. Our expenditure, including the signature bonus, will be about $1.5 billion," the official, who did not wanted to be identified, said.
First Published: Feb 02, 2006 11:49 IST