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Govt may bid for Videocon's Mozambique block

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  • Published On: February 27, 2012
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Venugopal Dhoot, Chairman of Videocon Industries told NDTV Profit that the government may look at bidding for Mozambique block via ONGC which has oil reserves at around 30 trillion cubic feet. However, he said that the company does not want to sell at cheap valuations to PTT which has given an offer of $2 bn.
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