US company sells its shares in Azeri-Chirag-Guneshli and BTC projects to India

US company sells its shares in Azeri-Chirag-Guneshli and BTC projects to India
# 29 March 2013 15:49 (UTC +04:00)

Adjusting for net cash flow received since the Jan. 1, 2012 effective date of sale, after tax net proceeds are $884 million.


In addition, ONGC Videsh believes that hydrocarbons can be procured in India from Caspian region through land route. The company is already in talks with relevant authorities to make this happen

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THE OPERATION IS BEING PERFORMED