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ONGC Videsh, Oil India bid for Anadarko's 10 percent in Mozambique field - source

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Reuters NEW DELHI
Last Updated : Jun 10 2013 | 7:05 PM IST

NEW DELHI (Reuters) - State-owned ONGC Videsh Ltd and Oil India Ltd continue to seek a 10 percent stake in a Mozambique gas field from Anadarko Petroleum Corp and have bid about $2.5 billion for it, a source with direct knowledge of the matter said on Monday.

ONGC Videsh, the overseas arm of explorer Oil & Natural Gas Corp , and Oil India, earlier on Monday said they have agreed to buy Indian conglomerate Videocon Group's 10 percent stake in the field for $2.48 billion. (Reporting by Nidhi Verma; Editing by Tony Munroe)

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First Published: Jun 10 2013 | 7:00 PM IST

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