State-owned Oil and Natural Gas Corporation Ltd.'s overseas arm ONGC Videsh Ltd. and Oil India Ltd. (OIL) are planning to submit a joint bid for acquiring a 20 percent stake in a Mozambique gas field, reports said.
US oil and gas explorer Anadarko Petroleum Corp and Indian billionaire Venugopal Dhoot have launched the auction of a 20 percent stake in Mozambique's Rovuma gas field that could fetch $4.5 billion, sources said.
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