Tag: transit fee

ONGC Videsh acquired 2.72 percent stake in the Azeri, Chirag and Guneshli Fields and 2.36 percent stake in the associated BTC pipeline for $1 billion from Hess Corporation. Hess Corporation is a global independent energy company primarily engaged in the exploration and production of crude oil and natural gas

Reports indicate that Oil and Natural Gas Corp. (ONGC), the overseas unit of state-owned, decided to start production from its oil field in south Sudan hoping that the issue of transit fee for may be resolved amicably. Daniel Peter Othol, South SudanÂ’s ambassador to India mentioned that crude oil would flow by the end of this