An Indian Company Views Possibility to Take Part in Azerbaijani Oil and Gas Projects

Oil&Gas 31 January 2007 16:26 (UTC+04:00)

Representatives of the Indian JSC, ONGC Mittal Energy (OMEL) is viewing the possibility to conclude contracts on the development of perspective fields and existing deposits in Azerbaijan, Kazakshatn, Turkmenistan, and Indonesia, Trend reports. The Company might take part in projects on exploration, production, and marketing operations with oil and gas. ONGC has announced that in the third quarter of 2006, the Company increased its pure profit by 20%. ONGC oil production in the third quarter reached 7,13 mln. tons versus 6,37 mln. tons of oil produced in the corresponding period of 2005.

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