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Mozambique gas field production to commence in 2018: OVL

ONGC Videsh (OVL) and Oil India have inked a pact with Videocon Industries to buy its stake in a Mozambique gas field for USD 2.47 billion. OVL would be looking at a mix of two options to fund the deal - a part would come from ONGC's surplus cash balance and a part would come from external commercial borrowing (ECB).

first published: Jun 25, 2013 04:50 pm

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