Oil and Natural Gas Corporation (ONGC), the country's largest oil and gas producer, is planning to sell 30 to 40 per cent each in two blocks in Vietnam to share the risks and drilling costs.

<tr><td><p class='TableClas'></p><P class='TableClas'> <DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>"There is a proposal to sell stake in the two blocks we won in 2006 because the cost of drilling has gone up substantially. However, it is not yet finalised if we want cash or a swap agreement for the stake sale," said a senior ONGC official. 
</p><p class='TableClas'>The buyer has not yet been finalised, the official added. 
</p><p class='TableClas'>ONGC owns the blocks 

ONGC looks to sell 30-40% in Vietnam oil blocks

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