Business

ONGC Videsh Qualifies for Iraq's Oil Exploration Bidding

New Delhi: ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp, is among 41 international oil majors who have qualified for Iraq's fourth bidding round for exploration blocks. Besides OVL, other who have been qualified to bid for the 12 exploration blocks due to be awarded in January next year are ExxonMobil, Shell, Total, BP, Chevron and a host of multinational oil companies. Industry sources said 50 companies had submitted qualification documents for consideration by a June 6 deadline. Of these 41 qualified.

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