October 27, 2016 / 1:12 PM / 2 years ago

BRIEF-India's ONGC says co looking at buying parts of GSPC's east coast fields

Oct 27 (Reuters) - Oil And Natural Gas Corporation Ltd :

* Exec says this is an appropriate time to buy overseas oil gas assets

* Exec says sees company’s profitability under stress due to lower local gas prices

* Exec says looking at buying parts of GSPC’s east coast fields

* Exec says so far no investor has protested to ONGC’s plan to buy a part of GSPC’s gas field

* Exec says Venezuela agrees to pay oil to ONGC in lieu of pending dues

* Exec says deliberately going slow on strategic stake sale in OPaL petchem plant

* Exec says will sell strategic stake in OPaL after commissioning of the plant Further company coverage: (Bengaluru newsroom)

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