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    ONGC   INE213A01029

OIL AND NATURAL GAS CORPORATION LIMITED

(ONGC)
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Delayed NSE India Stock Exchange  -  09:00 2022-08-08 am EDT
136.50 INR    0.00%
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Russia to take Sakhalin 1 project under its control - lawmaker

07/07/2022 | 04:13am EDT
St. Petersburg International Economic Forum (SPIEF)

MOSCOW (Reuters) - Pavel Zavalny, the head of the energy committee in Russia's lower house of parliament, said on Thursday that the Sakhalin-1 oil and gas project in the country's far east, will be put under Moscow's jurisdiction, just like the neighbouring project, Sakhalin-2.

President Vladimir Putin signed last week a decree that seizes full control of the Sakhalin-2 gas and oil project, a move that could force out Shell and Japanese investors.

Four companies - Rosneft, ExxonMoobil, Japan's SODECO and India's ONGC Videsh - are partners in the Sakhalin-1 group of fields.

(Reporting by Reuters)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL -0.37% 95.97 Delayed Quote.21.13%
OIL AND NATURAL GAS CORPORATION LIMITED 0.00% 136.5 Delayed Quote.-4.14%
ROSNEFT OIL COMPANY PJSC -3.77% 351.2 End-of-day quote.-41.46%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -1.35% 60.3 Delayed Quote.-19.25%
WTI -0.44% 90.057 Delayed Quote.17.49%
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Financials
Sales 2023 6 234 B 78 361 M 78 361 M
Net income 2023 478 B 6 014 M 6 014 M
Net Debt 2023 835 B 10 496 M 10 496 M
P/E ratio 2023 3,60x
Yield 2023 10,5%
Capitalization 1 717 B 21 584 M 21 584 M
EV / Sales 2023 0,41x
EV / Sales 2024 0,43x
Nbr of Employees 27 165
Free-Float 29,6%
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 136,50 INR
Average target price 180,23 INR
Spread / Average Target 32,0%
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Managers and Directors
Alka Mittal Chairman, MD & Director-Human Resources
Pomila Jaspal Chief Financial Officer & Finance Director
Om Prakash Singh Director, Director-Technical & Field Services
Rajni Kant Secretary & Compliance Officer
V. Ajit Kumar Raju Independent Director
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