Mozambique: Indian Company Wants to Increase Stake in Rovuma Basin

[AIM]Maputo -The Indian company ONGC Videsh, a wholly owned subsidiary of the state-owned Oil and Natural Gas Corporation (ONGC), has announced that it intends to increase its stake in Area One of the Rovuma Basin, off the coast of the northern Mozambican province of Cabo Delgado from 10 to 20 per cent.

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