ONGC Videsh in stake-sale talks with Shell, Total

ONGC Videsh (OVL) is in talks with the world's fourth largest oil company Royal Dutch Shell, and France's Total SA with regard to a sale of 10-15% stake in OVL's Nigerian blocks.

"We are talking to Shell because they have evinced interest in participating in the Nigerian blocks and their team was here," R S Sharma, chairman & managing director of ONGC, said.

On oil shipment from the Sakhalin fields in Russia, he said the second consignment of crude was expected in the next 10 days.

"The cargo would be about the same quantity as the first one," Sharma said.

The first shipment of 90,000 tonnes had arrived in India on December 2.