ONGC Videsh (OVL), the overseas unit of India’s state-controlled Oil & Natural Gas Corporation, is highlighting the potential acquisition of more equity stakes in Russian oil and gas assets as it looks to double its hydrocarbon production by 2018.
OVL managing director Narendra Kumar Verma told Upstream that the company wants to “take advantage of prevailing low oil prices and the changing geodynamic scenario”, with Russia offering what the company sees as a strategic opportunity.
“In
