Petroleum,Petroleum sector projects by Reserve Bank Of India in
Project Information
4827
Reserve Bank Of India
The Reserve Bank Of India Announced Approval For ONGC Videsh Ltd (OVL) And Oil India Ltd (OIL) To Make Overseas Investments In The Incorporated Joint Ventures/Wholly Owned Subsidiaries In The Oil Sector. These Investments For Exploration And Drilling For Oil And Natural Gas By The Navratna Psus, Duly Approved By The Government Of India, Will Be Without Any Limits Under The Automatic Route. OVL And OIL Were Allowed To Invest In Overseas Unincorporated Entities In Oil Sector Which Are Duly Approved By The Government Of India, Without Any Limits Under The Automatic Route. An Incorporated Organisation Is A Separate Legal Entity From The People Owning It. The Board Members Do Not Normally Have Personal Financial Responsibility For Contracts And Debts Incurred.
Project Value
Refer document
Investment Approved
Not Specified
India
Petroleum,Petroleum
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