India May Sell Stake in Indian Oil & ONGC..

Loading...

Sign in or sign up now!
Alert icon
Upgrade to the latest Flash Player for improved playback performance. Upgrade now or more info.
515 views
Loading...
Alert icon
Sign in or sign up now!
Alert icon

Uploaded by on Sep 19, 2010

India's federal government is considering whether to sell 10% of its stake in Indian Oil Corp. and 5% of its stake in Oil & Natural Gas Corp. by March. OIL and gas explorer Oilex said it has significantly upgraded its gas reserves in India thanks to advances in extraction tecnology, sending its shares soaring more than 150 per cent yesterday. India is not standing by while the US and China scramble for Ghana's new found natural resource, oil. When Kosmos Energy first put up its stake in Ghana's major oil field, the Jubilee Oil field for sale, India was one of the countries that declared its intention to buy.

  • likes, 0 dislikes

Link to this comment:

Share to:
see all

All Comments (1)

Sign In or Sign Up now to post a comment!
  • No need to disinvest, not necessary for such a rich profit making state owned organization,

    why there is no agitation for such a serious issue ?

    Its very sad

Loading...

Alert icon
0 / 00Unsaved Playlist Return to active list
    1. Your queue is empty. Add videos to your queue using this button:
      or sign in to load a different list.
    Loading...Loading...Saving...
    • Clear all videos from this list
    • Learn more