4th Nov 2014 16:55
LONDON (Alliance News) - India's state-owned oil producer ONGC Videsh has been in deal talks in recent weeks with the UK's Tullow Oil PLC, the Wall Street Journal reported Tuesday quoting ONGC's exploration chief.
The WSJ quoted Anil Bhandari saying his staff met Tullow executives in London last week, and they will continue their talks in coming days. Bhandari said Tullow executives told him that they are not interested in selling the company, but they are willing to sell assets, it added.
Bhandari said his company is interested in buying shares of Tullow properties in Ghana and elsewhere in Africa, according to the WSJ.
http://online.wsj.com/articles/indias-ongc-videsh-has-been-in-deal-talks-with-uks-tullow-1415119910?tesla=y&mg=reno64-wsj&url=http://online.wsj.com/article/SB10733299186635963427804580256630430091168.html
By Steve McGrath; [email protected]; @stevemcgrath1
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