India's ONGC head denies bidding for assets of ConocoPhillips
MUMBAI (Reuters) - India's Oil and Natural Gas Corp (ONGC) (ONGC.NS) has not yet made a bid for stakes in Canadian oil sands assets owned by ConocoPhillips (COP.N), the head of the state-run oil explorer said on Tuesday.
"I can categorically say that we have not made a bid yet. We keep on looking at international opportunities," said Sudhir Vasudeva, when asked about a possible bid.
On Monday, a source at ONGC said the company, along with two other state-controlled refiners Oil India Ltd (OILI.NS) and Indian Oil Corp (IOC.NS), had bid $5 billion for the assets of ConocoPhillips.
(Reporting by Henry Foy; Editing by Prateek Chatterjee)
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