Thursday 25 December 2014
 
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ONGC

India considers selling $3bn stake in ONGC

Indian Prime Minister Narendra Modi's government will decide next month on the sale of a $3 billion stake in state oil firm ONGC, in a major test of whether he will follow tentative reforms outlined in his first budget with actions.

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India considers selling $3bn stake in ONGC

Indian Prime Minister Narendra Modi's government will decide next month on the sale of a $3 billion stake in state oil firm ONGC, in a major test of whether he will follow tentative reforms outlined in his first budget with actions.

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Aramco eyes key stake in India petchem project

State oil giant Saudi Aramco is planning to enter the Indian hydrocarbon sector in a big way with the acquisition of a major stake in a mammoth $3.24 billion petrochemicals project in Gujarat, said a report. The world's biggest oil

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Dubai, Kuwait firms vie for Afghan oil deals

Seven energy firms, including Dubai-based Dragon Oil and Kuwait Energy, are likely to compete with Exxon Mobil Corp for the right to explore oil and gas blocks in northern Afghanistan, the country's Mining Ministry said in a statement.

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India falls short in $2.5bn ONGC share sale

India fell just short of its target in a chaotic $2.5 billion auction of shares in Oil and Natural Gas Corp, getting off to a faltering start in its bid to revive government stake sales to patch its widening fiscal deficit. The country's t

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India to raise $2.5bn in ONGC share sale

The Indian government is set to raise at least $2.5 billion by selling a 5 percent stake in Oil and Natural Gas Corp (ONGC) on Thursday, aiming to patch up its widening fiscal deficit and revive its stalled privatisation agenda. The long-

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Gulf funds to buy stake in India's ONGC

Sovereign wealth funds from the United Arab Emirates and Kuwait are among foreign investors that have pledged to buy shares in India's state-run Oil & Natural Gas Corp, the Economic Times reported on Monday. Officials from the Kuwait

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ONGC sees more delay in Iran South Pars deal

Difficulties in securing funding will delay India's Oil and Natural Gas Corp (ONGC) finalising a deal to take a 40 per cent stake in  Iran's South Pars Phase 12 gas project, a source at the state-run oil explorer said on Wednesda

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Kuwaiti firms may join ONGC in India oil bid

Kuwaiti firms may join India's state-run Oil and Natural Gas Corp (ONGC) to jointly bid in the auction for oil and gas exploration blocks in India, the company's chairman RS Sharma told reporters on Tuesday. India aims to laun

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High output rate seen in Iran Farzad gas field

The Indian-operated Farzad field in Iran's Farsi block is expected to produce about 9.7 trillion cubic feet (TCF) of gas in 30 years, India's junior oil minister Jitin Prasada said on Monday. Farsi is the first overseas asset for which Ind

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