ONGC Videsh acquires $60 mn stake in Azerbaijan’s ACG Field

ONGC Videsh Ltd, the international subsidiary of ONGC, has acquired a 0.615% stake in Azerbaijan’s Azeri-Chirag-Gunashli (ACG) field and a 0.737% shareholding in the Baku-Tbilisi-Ceyhan (BTC) pipeline for $60 million. This acquisition, finalized on November 29, 2024, strengthens ONGC Videsh’s existing interest in the ACG field, where it already holds a 2.31% stake, and its