Stay Connected

ONGC plans $30 billion investment in 2007-12

09/24/2007
India’s Oil & Natural Gas Corp. (ONGC) plans to invest $30 billion during its 11th 5-year plan (FYP) covering fiscal years ending in 2012.This investment total is 60% more than that of the prior FYP. It follows ONGC’s recent offshore gas discovery in the Krishna Godavari basin and the success of its overseas subsidiary ONGC Videsh Ltd. (OVL; OGJ, Jan. 15, 2007, Newsletter).OVL will invest 453.34 billion rupees in the upcoming FYP, compared with 250.52 billion rupees in the 10th FYP. Its downstream group, Mangalore Refinery & Petrochemicals Ltd., will invest 83.16 billion rupees, compared with 7.65 billion rupees under the previous plan.The company’s fiscal 2006-0...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.