ENERGY & RESOURCES FOCUS: ONGC shows sign of promise at last
India's leading state-run oil and gas firm has launched a compelling offer to buy Imperial Energy in what would be its largest listed overseas acquisition. Although awaiting final approval from Russian authorities, the deal is a shot in the arm for a company too often beaten to the punch by power-hungry Asian rival China. It could herald a new dawn for ONGC, writes Elliot Wilson.
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