TOKYO (Reuters) - Japan's top oil and gas explorer, Inpex Corp (1605.T), said on Monday it had agreed to acquire a 26 percent stake in an offshore Indian exploration block, KG-DWN-2004/6, from state-run Oil and Natural Gas Corp(ONGC.NS).
After completion of the deal, which is subject to Indian government approval, exploration company ONGC will continue to serve as the block's operator, with a 34 percent stake, Inpex said. (Reporting by Osamu Tsukimori; Editing by Clarence Fernandez)
Trending On Reuters
Earthquake Strikes Nepal
Nepal urged countries to send aid to help it cope with the aftermath of a devastating earthquake that killed nearly 1,400 people, a toll predicted to rise as rescuers used their hands to dig for survivors among the rubble on Sunday. Full Article | Nepal earthquake epicentre map
RBI chief Rajan calls for formal financing routes for farmers - report Full Article
India to host Afghan leader, seeks to regain ground lost to China, Pakistan Full Article