Ovl

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  Russian Sanctions Hamper ONGC Videsh's Oil Movement

  ONGC Videsh Ltd is facing temporary disruptions in moving its share of oil from the Sakhalin-1 project in Far East Russia due to Russian sanctions

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  ONGC Videsh Starts Its First Oil, Gas Exploratory Drilling Campaign In Bangladesh

  ONGC Videsh Ltd (OVL) on Thursday announced that it has started exploration of a well in an offshore block in Bangladesh. OVL has become the first Indian entity to search for oil and gas in the neighbouring nation.

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  India Loses ONGC-Discovered Iranian Gas Field

  ONGC: The field holds 23 trillion cubic feet of in-place gas reserves, of which about 60 per cent is recoverable.

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  Iran Wants India To Pay Three Times Gas Price For Awarding Block To OVL: Report

  Sources said that since the lifting of western sanctions, Iran is playing hardball over award of the field which was discovered by OVL.

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  ONGC Submits Revised Plan For Farzad Gas Field In Iran

  ONGC Videsh expects to produce between 1 billion and 1.6 billion cubic feet per day of gas in five years from the start of development of the block.

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  ONGC's $2.4-Billion Mozambique Deal Under Oil Ministry Scanner

  Government officials said the ministry has over the past few months asked the company to provide several details of the deal including the basis of the valuation.

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  ONGC Videsh Raises $1 Billion In Bonds To Fund Vankor Acquisition

  ONGC Videsh Ltd (OVL) has raised $1 billion through a US dollar bonds issue to finance its acquisition of 15 per cent stake in Russia's second biggest oil field Vankor, its Managing Director Narendra K Verma said.

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  ONGC Videsh To Provide $318 Million Financing Guarantee To Venezuela

  OVL, the overseas arm of state-owned ONGC, owns 40 per cent of Venezuela's San Cristobal oilfield and had invested about $190 million in the project in 2008. State-run Petroleos de Venezuela SA (PDVSA) holds the remaining stake.

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  Rosneft Closes Deal To Sell 11% Vankor Stake To ONGC For $930 Million

  ONGC's stake in the project reached 26% following the deal, the Russian oil giant said.

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  ONGC Says Venezuela's National Oil Company To Supply Oil

  ONGC Videsh Ltd invested $190 million in 2009-10 in the San Cristobal project in Venezuela.

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  Oil India-Led Consortium Eyes Stake In Russian Oilfield: Report

  Russia's Rosneft wants to retain a majority stake and is keen to sell only up to 49 per cent stake.

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  ONGC Videsh To Raise $900 Million Bridge Loan To Finance Vankor Buy

  ONGC Videsh Ltd (OVL) will raise a bridge loan of close to $900 million overseas to fund acquisition of an additional 11 per cent stake in Russia's Vankor oilfield.

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  Oil India Consortium Completes Over $3-Billion Stake Buy In Russian Fields

  OIL, Indian Oil Corp and a unit of Bharat Petroleum Corporation (BPCL) bought a 29.9 per cent stake in the Taas-Yuryakh oilfield in East Siberia for $1.12 billion, and another 23.9 per cent in the Vankor oilfield for $2.02 billion.

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  ONGC Videsh's Additional 11% Vankor Stake Buy Gets Cabinet Nod

  OVL, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), had in May this year completed acquisition of 15 per cent stake in Vankor oil field for $1.28 billion.

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  ONGC Videsh Slapped With Service Tax Demand Of Rs 6,100 Crore

  The Tax Department has slapped a service tax demand of over Rs 6,100 crore on the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), a move that may potentially render its investments in oil and gas fields abroad infructuous.