Govt plans to list ONGC's overseas investment arm

The government wants to list ONGC Videsh, the overseas arm of top oil explorer Oil and Natural Gas Corp , a company executive said.

"We have received a letter from the ministry on listing of ONGC Videsh," the executive said, adding the divestment department of the finance ministry was pushing for a sale. The executive did not wish to be named as the matter is not public.

He added that ONGC executives would favour delaying a listing, given current low oil prices.

(Reuters)