ONGC to invest $150 mln in new Myanmar blocks http://in.reuters.com/article/businessNews/idINIndia-29694020070924
Mon Sep 24, 2007
NEW DELHI (Reuters) - India's state-run Oil and Natural Gas Corp will invest at least $150 million over the next seven years to explore three new deepwater blocks in Myanmar, a company statement said on Monday. Myanmar's government has awarded 100 percent participating interest in blocks AD-2, AD-3 and AD-9 to ONGC Videsh Ltd, the overseas investment arm of ONGC. http://in.reuters.com/article/businessNews/idINIndia-29694020070924