Article: ANGOLA-OVL.

ANGOLA-OVL

OVL makes $1 bn offer for three blocks in Angola By Yoshita Singh Luanda, (Angola), Apr 1 (PTI) -- India's ONGC Videsh Ltd, the overseas arm of Oil and Natural Gas Corp (ONGC), has made a one-billion-dollar-offer to develop three offshore oil blocks in Angola.

OVL, along with two other oil majors, has made a proposal to Angola for development of the three oil exploration blocks that currently have Sinopec of China and Angola's national oil firm Sonangol as equity participants.

India's Minister of State for Commerce Jairam Ramesh took up OVL's case for a stake in the blocks that may hold sizable oil reserves, when he met Angola's ...

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