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Hess, ONGC Videsh complete Caspian deal

ONGC Videsh Ltd., New Delhi, has completed its acquisition of Hess Corp.’s 2.7213% interest in the Azeri, Chirag, and deepwater Guneshli fields in the Caspian Sea offshore Azerbaijan and a 2.36% interest in the Baku-Tbilisi-Ceyhan Pipeline.

The companies signed definitive agreements for the transaction last September (OGJ Online, Sept. 7, 2012).


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