[Date Prev][Date Next][Thread Prev][Thread Next][Date Index ][Thread Index ]

ONGC Videsh may buy stake in Myanma



--------------F5D902603FE80F404509FCE8
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit

            ONGC Videsh may buy stake in Myanmar gas project

 From www.worldoil.com
 New Delhi, October 1, 2001

 India's ONGC Videsh Ltd., the international arm of state-owned Oil and
Natural Gas Corp. is in advanced negotiations with  Daewoo International
Corp. of South Korea to buying a 30% stake in Daewoo's offshore
exploration block in Myanmar, reports the Financial Express.

 Offshore block A-1 in the Arakan offshore in northwestern Myanmar is
estimated have 8 trillion cubic feet of gas reserves and is currently
fully owned by Daewoo International, according to the report.

 Source - Dow Jones

 01/10/2001

 09:27:45

 Source Add:




--------------F5D902603FE80F404509FCE8
Content-Type: text/html; charset=us-ascii
Content-Transfer-Encoding: 7bit

<!doctype html public "-//w3c//dtd html 4.0 transitional//en">
<html>

<blockquote>
<blockquote>
<center><b><font color="#FB7D00"><font size=+2>ONGC Videsh may buy stake
in Myanmar gas project</font></font></b></center>
</blockquote>
</blockquote>
<b><font color="#FF0F87"><font size=+1>&nbsp;From <a href="www.worldoil.com">www.worldoil.com</a></font></font></b>
<br><b><font color="#FF0F87"><font size=+1>&nbsp;New Delhi, October 1,
2001</font></font></b>
<p>&nbsp;<font size=+1>India's ONGC Videsh Ltd., the international arm
of state-owned Oil and Natural Gas Corp. is in advanced negotiations with&nbsp;
Daewoo International Corp. of South Korea to buying a 30% stake in Daewoo's
offshore exploration block in Myanmar, reports the Financial Express.</font>
<p><font size=+1>&nbsp;Offshore block A-1 in the Arakan offshore in northwestern
Myanmar is estimated have 8 trillion cubic feet of gas reserves and is
currently fully owned by Daewoo International, according to the report.</font>
<p><font size=+1>&nbsp;Source - Dow Jones</font>
<p><font size=+1>&nbsp;01/10/2001</font>
<p><font size=+1>&nbsp;09:27:45</font>
<p><font size=+1>&nbsp;Source Add:</font>
<br>&nbsp;
<p>&nbsp;</html>

--------------F5D902603FE80F404509FCE8--