Mozambique Said to Consider Selling a Stake in Rovuma Field

Mozambique Said to Consider Selling a Stake in Rovuma Field

ONGC Videsh Ltd. via Bloomberg

A company handout photograph shows ONGC's crude oil pipeline in Sudan. ONGC and Oil India are the leading joint bidders for a 20 percent stake that Anadarko and Videocon Industries Ltd. are selling in the Rovuma-1 block for $5 billion to $6 billion, people familiar with the matter said in April.