ONGC Buys OMV Stakes In Blocks 5A, 5B For $115Mn
OMV sold its shares in Sudans exploration Blocks 5A and 5B to Indias ONGC Videsh on 2 September for some $115mn, an OMV statement said (MEES, 1 September). The transaction, which is subject to approval from the Sudanese government and to the contractual rights of the consortium partners, will have commercial effect backdated to 1 January 2003. OMV Vice President for Exploration and Production Helmut Langanger...
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