{"id":510841,"date":"2022-08-01T11:01:37","date_gmt":"2022-08-01T05:31:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=510841"},"modified":"2022-08-01T12:54:03","modified_gmt":"2022-08-01T07:24:03","slug":"ovl-in-talks-to-acquire-stake-in-tullows-3-5-bn-project","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ovl-in-talks-to-acquire-stake-in-tullows-3-5-bn-project\/","title":{"rendered":"OVL in talks to acquire stake in Tullow&#8217;s $3.5 bn project"},"content":{"rendered":"<p>ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), and Indian Oil Corporation (IOC) are in talks to acquire a stake in Tullow Oil&#8217;s Lokichar oil field in Kenya. <\/p>\n<p>Kenya&#8217;s Cabinet Secretary in the Ministry of Energy Monica Juma in a tweet confirmed the talks. <\/p>\n<p>&#8220;Received and held a meeting with H.E. Dr. Virandar Paul, Indian High Commissioner to Kenya alongside representatives from Indian Oil Corporation Limited, Mr. Hridesh Baindail- Executive Director Indian Oil Corporation Ltd, Mr. Sanjeev Tokhi &#8211; Executive Director &#8211; OVL,&#8221; she tweeted. <\/p>\n<p>Tullow also confirmed the talks. &#8220;Tullow confirms that the Ministry of Petroleum and Mines hosted a meeting with Tullow and OVL in Nairobi as part of Tullow&#8217;s ongoing process to secure a strategic investor for Project Oil Kenya.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), and Indian Oil Corporation (IOC) are in talks to acquire a stake in Tullow Oil&#8217;s Lokichar oil field in Kenya. Kenya&#8217;s Cabinet Secretary in the Ministry of Energy Monica Juma in a tweet confirmed the talks. &#8220;Received and held a meeting with H.E. Dr. Virandar Paul, Indian High Commissioner to Kenya alongside representatives from Indian Oil Corporation Limited, Mr. Hridesh Baindail- Executive Director Indian Oil Corporation Ltd, Mr. Sanjeev Tokhi &#8211; Executive Director &#8211; OVL,&#8221; she tweeted. Tullow also confirmed the talks. &#8220;Tullow confirms that the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,211,144],"tags":[],"class_list":["post-510841","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/510841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=510841"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/510841\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=510841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=510841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=510841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}