Thursday, September 25, 2008

ONGC eyes oil assets in Latam, CIS, Africa

NEW DELHI (Reuters) - Oil and Natural Gas Corp is eyeing oil and gas assets in Latin America, the Commonwealth of Independent States and west Africa, Chairman R.S. Sharma said on Thursday.

He said ONGC had a big budget for the plan, but did say how much it was willing to spend.

"If you look at India's energy scenario, appetite is huge. When you have resources, you look for growth," Sharma told reporters on the sidelines of a conference.

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