VOL. XLV
No 25
24-June-2002
SUDAN
ONGC Wins Cabinet Approval To Buy Talisman Stake In GNPOC
IndianEnergy Minister Ram Naik announced on 19 June thatthe cabinet had approved state-owned Oil & Natural Gas Corporations (ONGCs) purchase of Talisman Energys 25% share in theGreater Nile Petroleum Operating Company (GNPOC) for $750mn,apparently ending a period of sustained industry speculation that Talismanwould yield to political pressure and sell its controversial Sudaneseoperations. Mr Naik said...
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