abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

13 Jun 2002

Author:
Matthew Jones & Khozem Merchant, Financial Times

ONGC seals first move into Sudan oil

Oil & Natural Gas Corp, the Indian state-owned group...yesterday concluded negotiations in London to acquire a 25 per cent stake in the Greater Nile Oil Project from Talisman Energy of Canada...Mr Buckee [Talisman's CEO] has in the past been critical of non-governmental organisations, warning that their campaigns for his company to leave Sudan could be counter-productive. In October he said the Asian state-owned groups and Saudi princes vying for the assets were unlikely to be as enthusiastic about corporate social responsibility as Talisman.