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India firms bid $2.5 bln for Anadarko's 10 pct in Mozambique field-source
June 10, 2013 / 1:30 PM / 4 years ago

India firms bid $2.5 bln for Anadarko's 10 pct in Mozambique field-source

NEW DELHI, June 10 (Reuters) - India’s state-owned ONGC Videsh Ltd and Oil India Ltd continue to seek a 10 percent stake in a Mozambique gas field from Anadarko Petroleum Corp and have bid about $2.5 billion for it, a source with direct knowledge of the matter said on Monday.

ONGC Videsh, the overseas arm of explorer Oil & Natural Gas Corp, and Oil India, earlier on Monday said they have agreed to buy Indian conglomerate Videocon Group’s 10 percent stake in the field for $2.48 billion.

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