Petroleum,Petroleum sector projects by Oil India Limited in
Project Information
4781
Oil India Limited
The Board Of Oil India Ltd Has Approved The Setting Up Of An Overseas Arm To Acquire Oil And Gas Properties Abroad. The Subsidiary Will Be Set Up On The Lines Of ONGC Videsh Ltd, The Overseas Arm Of State-Owned Oil And Natural Gas Corp (ONGC), And Bharat Petroresources, A Unit Of State Refiner Bharat Petroleum Corp Ltd. OIL Has So Far Been Partnering Indian Oil Corp (IOC), The Nation's Largest Refinery, In Its Overseas Ventures. They Had Even Set Up A Mauritius-Based Special Purpose Vehicle For Overseas Acquisition. All Overseas Assets That OIL Currently Holds Will Migrate To The New Subsidiary.
Project Value
Refer document
Conceptual Stage
Not Specified
India
Petroleum,Petroleum
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