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Sunday, Aug 25
Oil & Natural Gas Corp. to pay $2.6B for Anadarko asset
- India's Oil & Natural Gas Corp. is set to pay $2.6B to acquire a 10% stake in an offshore Mozambique gas field from Anadarko (APC), Bloomberg says, citing people "with direct knowledge of the matter."
- The deal is expected to be announced at any time and is part of Oil & Natural Gas Corp.'s plan to spend some $172B over the next 17 or so years to replace declining domestic output.