INSUBCONTINENT EXCLUSIVE:
subsidiary, Shashi Shanker, chairman and managing director of company, said on Wednesday.The company has some reservations about listing of
ONGC Videsh and has conveyed this to government, Mr Shanker told reporters at an event in New Delhi.The government had in August asked
country's biggest state-owned oil company to list its subsidiary as part of a drive to sell state-assets to raise funds.ONGC Videsh has
stakes in 41 oil and gas assets in 20 countries and in last fiscal year produced oil equivalent to 26.2 per cent of country's local
output.The company, fully-owned by ONGC, produced 11 per cent more oil at 9.35 million tonnes in last fiscal year while its gas output rose
by about 10 per cent to 4.81 billion cubic metres.
