Mozambique gas project of OIL fulfils conditions for USD 14.9-bn debt drawdown – 25 Mar 2021

Indian state-owned energy firms ONGC Videsh Ltd and Oil India Ltd, together with their foreign partners, have met conditions precedent for the first debt drawdown from the USD 14.9 billion facility they had tied up to part-finance their USD 24.1-billion LNG project in Mozambique.