Sign In | Register Now
360° informed opinion
Oil and Natural Gas Ltd. ONGC
Company Feedback
Post | View
'soul, mind, body'
Describe | View
Post | View
Letters to Company
Post | View

Oil and Natural Gas Ltd. ONGC

(Manufacturing & Production) Dehradun INDIA
Power News
ONGC Mittal gets nod for refinery in Nigeria    

ONGC Mittal Energy Ltd (OMEL) has got the Nigerian National Petroleum Corporation (NNPC) nod for its plan to set up a refinery in Nigeria.

?The steering committee and the working committee of NNPC has approved the refinery as OMEL?s preferred downstream commitment,? Mr Sudhir Maheshwari, Managing Director, Mittal Investments, told Business Line. OMEL had committed to building a 1,80,000-barrel-a-day refinery, a 2,000-MW power plant and a railway line connecting eastern and western Nigeria.

OMEL is the joint venture between Mittal Investments Sarl, the private investment company of the Mittal family, and ONGC Videsh Ltd (OVL), the overseas investment arm of ONGC.

The joint venture had in 2005 won rights to explore in OPL-279 and OPL-285 after committing to invest $6 billion in the core sector of Nigeria. It paid a signature bonus of $50 million for OPL-285 and $75 million for OPL-279.


Oil and Natural Gas Ltd. ONGC 's City : Dehradun
Oil and Natural Gas Ltd. ONGC 's Country : INDIA
Latest Blogs
Contact Us | Terms | Privacy policy Copyright © 2012, Conscience Compass. All rights reserved.
Sign in
Username :
Password :
Forgot Password?
Don't have an account yet? Register Now!