Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>  Daily News  >>  Vietnam News  >>  Energy  >>  India’s ONGC to spend $149m in Vietnam oil venture

NEWS UPDATES 
3 October 2009

India’s ONGC to spend $149m in Vietnam oil venture

Related Stories

September 23, 2009
Vietnam’s fuel traders call for free market mechanism

September 7, 2009
Vietnam starts building $80m bio-ethanol plant

August 30, 2009
Vietnam’s oil products to go dearer on crude price hike

The Indian cabinet on Thursday allowed state-run Oil and Natural Gas Corp's subsidiary to invest an additional $149.5 million for expansion of its oil block in Vietnam, Reuters reported.

ONGC Videsh, which has 45 percent participating interest in the block jointly with Petro Vietnam and BP, will invest the money from the project's revenue proceeds, the governmment said in a statement.

The cabinet approval came during the visit of Vietnamese State Vice President Nguyen Thi Doan who met Indian Vice President Mohamed Hamid Ansari in New Dehli on October 1, according to a related story posted on VNBusinessNews.com.

The visit coincided with the Vietnam-India Business Forum, which was held in New Dehli attracting a large number of Vietnamese and Indian businesses.



 


Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below 
Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com