The investments are being placed through special-purpose vehicles to avoid the ire of US authorities and companies wary of Chinese capital during a low-point in relations between the two countries, the report said, citing asset managers and investors involved in the transactions.
ONGC picks BP as tech partner for Western Offshore fields
BP already has a similar arrangement for ONGC’s flagship Mumbai High fields, but the latest move significantly expands its role, making it responsible for helping