Rovuma Area 1

ONGC Videsh and Oil India complete $2.475B stake buy in Videocon's gas field in Mozambique

Oil and gas firms ONGC Videsh Ltd and Oil India Ltd have completed the joint purchase of Videocon Group's 10% holding in a gas field in Mozambique in a deal valued at $2.475 billion.

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ONGC Declares Mozambique Gas Deal Then Withdraws Statement

Oil and Natural Gas Company (ONGC) India withdrew its statement last Monday after announcing a deal with Rovuma Area 1 in Mozambique.

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