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OVL receives first equity share from Abu Dhabi field
June 9, 2018

OVL receives first equity share from Abu Dhabi field

ONGC’s overseas arm, ONGC Videsh Limited, yesterday received a shipment carrying 6, 90,000 barrels of crude from the Abu Dhabi's Lower Zakum oilfield. This is the first ever equity oil cargo in the line of the share which OVL will receive from its recently bought stake in Abu Dhabi. OVL, in association with IOCL and BPRL, entered into an agreement this year, to acquire 10% stake in Lower Zakum Concession.

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