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Total, ONGC, Mittal to Spend $150m in Nigeria
By Ejiofor Alike with agency report, 06.18.2009
French oil giant, Total SA and India’s steel billionaire, Lakshmi Mittal’s joint venture with state-owned Oil and Natural Gas Corporation, ONGC-Mittal Energy Ltd (OMEL), will invest $150 million in exploration of oil in Nigeria . ONGC Mittal Energy Ltd, the joint venture of ONGC Videsh Ltd and Mittal Investment Sarl, had in 2005 won two exploration areas – Oil Prospecting Licence...