Last Updated: Sunday, September 6, 2015, 12:50
ONGC Videsh Ltd, the overseas arm of state explorer Oil and Natural Gas Corp (ONGC), has made a gain of about Rs 700 crore on a Euro loan it had raised to finance its Mozambique acquisition.
Last Updated: Tuesday, July 14, 2015, 21:18
Coal India Africana Limitada, a fully-owned subsidiary of the state-owned firm, was allotted two leasehold licences for extraction of coal of about 224 square kilometre in Tete province of Mozambique.
Last Updated: Monday, May 18, 2015, 18:31
In a step towards start of gas production from its giant Mozambique gas fields, state-owned ONGC and its partners have awarded contract for development of an onshore LNG terminal.
Last Updated: Saturday, April 18, 2015, 03:48
Anadarko Petroleum is considering selling its multi-billion dollar stake in Mozambique`s giant gas reserves, with Exxon Mobil and Qatar Petroleum [QATPE.UL] both showing interest, banking and industry sources said.
Last Updated: Sunday, April 12, 2015, 13:12
State-owned Oil and Natural Gas Corp's (ONGC) acquisition of 10 percent stake in a giant Mozambique gas field had helped the seller make a neat profit of USD 1.5 billion or over 62 percent of the purchase price.
Last Updated: Tuesday, March 17, 2015, 16:52
Oil Minister Dharmendra Pradhan is likely to visit Mozambique next month to press the African nation to quickly ratify a law that will help Indian firms proceed with multi-billion dollar gas project.
Last Updated: Tuesday, February 24, 2015, 21:48
Continuing with its focus on Africa, FMCG firm Godrej Consumer Products Ltd today hiked its stake in hair extension brand Darling South Africa and Mozambique businesses to 90 percent.
Last Updated: Sunday, December 28, 2014, 14:22
Continuing efforts to strengthen its overseas footprint, Bharat Heavy Electricals is looking for business opportunities in Mozambique and Laos.
Last Updated: Monday, December 22, 2014, 20:59
CIAL had won 5-year licence for exploration and development of mines in Mozambique in August, 2009. Two coal blocks - A1 and A2 - at Motaize, in Tete Province of Mozambique, are spread over 200 sq km.
Last Updated: Friday, November 28, 2014, 18:32
While the Mozambique cabinet has approved the decree law, it is awaiting Parliament nod, sources said.
Last Updated: Friday, November 28, 2014, 14:28
India and Mozambique Friday signed a memorandum of understanding (MoU) for cooperation in the oil and gas sector for a period of five years, the petroleum ministry said in a statement.
Last Updated: Saturday, January 25, 2014, 00:33
Mozambique President Armando Guebuza inaugurated an opulent new Chinese-built presidential office complex in the capital Maputo on Friday.
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