NEW DELHI (Reuters) - ONGC Videsh has adopted a 'wait and watch' policy on investment in Iran's gas field, the company's co-managing director said. The company sees South Sudan project's oil output rising to 20,000 barrels per day (bpd) of oil by end 2018 from 7,000-8,000 bpd now.
ONGC Videsh sees gas production for Mozambique project in 2022, and hopes to invest $1 billion in existing project in 2018/19.
ONGC Videsh has received government communications to list the company.
(Reporting by Nidhi Verma; Editing by Mark Potter)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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