Gas Investing News » ONGC to invest $1.01 bln in Cairn’s Rajasthan Oilfields

ONGC to invest $1.01 bln in Cairn's Rajasthan Oilfields

May 28, 2009 @ 3:54 am In Gas Company News

ONGC declared that it may invest $1.01 billion in Cairn India's Rajasthan oilfields even though the project offers negative returns as the public sector firm is liable to pay all the statutory levies.

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[1] here: http://www.business-standard.com/india/news/ongc-may-invest-101-bn-in-cairn%5Cs-rajasthan-oilfields/63088/on