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13 May 2008 20:00 GMT | more prices >>

MOL takes slice of Indian pie


News wires

Hungarian producer MOL has taken a 35% stake in an exploration block in the north-west of India from India’s Oil & Natural Gas Corporation (ONGC).

Negotiations between MOL and ONGC have been on the table since January.

MOL said it expected to drill an exploration well by the end of the year, with another planned at a later phase, a Reuters report said.


08 May 2008 16:09 GMT  | last updated: 08 May 2008 16:59 GMT

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