India’s Oil and Natural Gas Corporation is seeking a partner for a possible $17bn bid for YPF, the Argentine arm of Spanish oil group Repsol, according to an ONGC executive who told the FT on Thursday that the group was exploring opportunities and partners for a bid, though talks were at an early stage. He spoke after reports that Repsol, which owns 84% of YPF, was discussing the sale of its stake in the Argentine company with Chinese oil companies CNPC and CNOOC.

This entry was posted by Gwen Robinson on Friday, August 14th, 2009 at 5:04 and is filed under Capital markets, Commodities, M&A. Tagged with ONGC, Repsol, ypf. Edit this entry.