Don’t miss the latest developments in business and finance.

ONGC gains after unit's agreement with Rosneft

Image
Reuters
Last Updated : May 26 2014 | 10:46 AM IST

Reuters Market Eye - Oil and Natural Gas Corp gains 2.2 percent after a company unit, ONGC Videsh, entered into a deal with Russia's Rosneft on Saturday for cooperation in exploration and hydrocarbon production from Russia's offshore deposits.

"The parties will jointly consider forming a consortium led by Rosneft and involving other partners," Rosneft said.

(Reporting by Abhishek Vishnoi)

More From This Section

First Published: May 26 2014 | 10:30 AM IST

Next Story