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OVL may get 20% stake in 2 Iranian oil fields

 India's flagship overseas firm ONGC Videsh Ltd is likely to get a 20 per cent stake in the Khusk and Hosseineieh oil fields in Iran on nomination basis.Sources in the ministry of petroleum and......

Oil field: India's ultimatum to Iran

 India has given a four-month ultimatum to Iran to offer a discovered oil field if it wanted to export 5 million tonnes of liquefied natural gas to New Delhi."We have extended by four months the......

ONGC-Hinduja JV loses Iran's oilfield to China co

 In a major setback to India's oil diplomacy, the ONGC-Hinduja Group alliance has lost the rights to develop Iran's South Azadegan oilfield to CNPC of China. The joint venture of ONGC......

Iran oil field: ONGC,Hindujas may ink pact

 Oil and Natural Gas Corporation and its partner Hinduja Group may sign a multi-billion dollar deal next month for developing oil and gas fields in Iran.The ONGC-Hinduja combine would meet Iranian......

Hindujas plan to spend $50bn

 The Hinduja family is planning investments of about $50 billion (Rs 2 lakh crore) in the next five years in India and abroad, led by a foray into oil and gas in Iran. The closely held group, run by......

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