ONGC, Oil India and BPCL to invest $6 bn in developing giant gas field off Mozambique coast
State-run ONGC, OIL and BPCL will in the next four years invest USD 6 billion in developing a giant gas field off the Mozambique coast and converting the fuel into LNG for export to nations like India, Oil Minister said.
New Delhi Last Updated: April 13, 2015 | 15:19 IST
ONGC Videsh, the overseas arm of Oil and Natural Gas (ONGC), Oil India and a unit of Bharat Petroleum (BPCL) together hold 30 per cent interest in Rovuma Area-1, which is estimated to hold recoverable gas reserves of up to 75 trillion cubic feet. (Photo: Reuters)