India’s ONGC Targets Up To $12 Billion Foreign Oil, Gas Investments

摘要

The foreign investment arm of India’s top oil explorer ONGC is targeting $10- to $12 billion of oil and gas asset purchases over the next three years, including more cor- porate acquisitions, its managing direc- tor said Oct. 20. ONGC Videsh Ltd (OVL) hopes to capi- talize on cheaper assets after a slump in oil prices and Prime Minister Narendra Modi’s diplomatic efforts to boost the global presence of Indian firms.