Indian oil firm to buy Imperial

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Imperial has access to resource-rich Russian oilfields and analysts say that ONGC is looking to secure supplies of oil to fuel India's booming economy.

India's biggest oil producer, ONGC, has agreed to buy Imperial Energy for $2.6bn - but it may face a battle to secure the deal. Chinese oil giant Sinopec is reported to be contemplating a counter bid for London-listed Imperial.

Will ONGC successfully close the deal?

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STEP 1: My Answer

	ZiiValue (chance)	Answer	MyAnswer (which outcome happened?)	Possible Outcomes
	26%		Close the deal by Dec 08	Close the deal by Dec 08
	46%		Cancel the deal	Cancel the deal
	28%		Still in negotiation	Still in negotiation

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