VOL. XLV

No 44

4-November-2002

SUDAN

Talisman Sells Sudan Assets To ONGC Videsh

Canadas Talisman Energy announced on 31 October that it had entered into a definitive agreement for the sale of its stake in the Greater Nile Petroleum Operating Company (GNPOC) to ONGC Videsh, a subsidiary of Indias state-owned Oil and Natural Gas Corporation (ONGC) for approximately $758mn. We have consistently said that we liked our position in Sudan, the people and the project. But, we have also always said that...