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OVL led group picks up 10% stake in large offshore oilfield in Abu Dhabi

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(G.N.S) Dt. 12 New Delhi A consortium led by Oil and Natural Gas Corp (ONGC) has become the first group to win a stake in Abu Dhabi National Oil Co’s (ADNOC) 40-year offshore oil concession, a deal set to help the UAE expand its foothold in Asia. State-run ADNOC signed an agreement on Saturday with the ONGC Videsh-led consortium giving the group a 10 percent stake in the new Lower

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