ONGC India to seal Imperial deal in 5 weeks

ONGC India to seal Imperial deal in 5 weeks
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First Published: Fri, Sep 05 2008. 01 10 PM IST
Updated: Fri, Sep 05 2008. 01 10 PM IST
New Delhi: Indian Oil Minister Murli Deora said on Friday he hoped state-run explorer Oil and Natural Gas Corp would to be able to conclude a $2.6 billion deal to take over Russia-focused Imperial Energy Corp in four or five weeks.
“I recently met the Russian president in Tajikistan. He was very cooperative ... I hope the deal will be concluded in 4-5 weeks,” Deora told reporters. Last month, Deora said Russia was “very supportive” of the deal.
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First Published: Fri, Sep 05 2008. 01 10 PM IST
More Topics: Imperial Energy | Ongc | Deal | Billions | Russia |