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ONGC inks pact for sourcing LNG from Iran
ONGC and ONGC Videsh (OVL), the overseas investment arm of ONGC, in association with the Hinduja Group and Petronet LNG, have entered into two broad enabling agreements with Iranian authorities for participation in development of gas fields and liquefaction facilities in Iran, in return for assured minimum six million tonnes a year of LNG on long-term basis. ONGC made an announcement on the Bombay Stock Exchange (BSE) today.
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Asian markets end firm

The Asian markets have ended in the green. - Oil pulls back in Asian trade due to stronger dollar - Arunachal projects kept out of ADB lending - Asian markets surge to 17-month high - Asian markets in green; Nikkei jumps - Oil touches $80 on better US economy - Two major tax reforms to give edge to Indian businesses The Hang Seng ended at 22,416, stronger by 137 points or 0.6% and the Nikkei closed at 10,731, up 49 points or 0.4%. Straits Times shut at 2,926, firmer by 6 points or 0.2%, Seoul Composite closed at 1,705, stronger by 14 points or 0.8%, and Taiwan Weighted ended at 8,327, up 38.8 points or 0.4%. The Shanghai Composite closed at 3,277, higher by 14 points or 0.4% _______________________________________________________ (Updated at 0807 am) The Asian markets have opened in the green. The Shanghai Composite is at 3,277, higher by 14 points or 0.4% and the Nikkei is at 10,726, up 44 points or 0.4%. Straits Times is at 2,927, up 7.5 points or 0.2%, Seoul Composite is at 1,699, up 9.1 points or 0.5% and the Taiwan Weighted is at 8,250, up 38.8 points or 0.4%.


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