High cost of 5% equity in Ras Gas-II upsets ONGC

Vol 9, PW 5 (16 Jun 05) Midstream, Downstream, Renewables
       

One of the key issues troubling ONGC as it ponders whether to buy the 5% equity stake in RasGas-II is the high entry cost. RasGas wants ONGC to pay $130m for the 5% stake but stubbornly refuses to divulge how it reached this figure. ...