OVL to sign pact for 40% stake in Venezuelan field

indiatimes.com     Apr 6, 2008            

ONGC Videsh Ltd, the overseas investment arm of Oil and Natural Gas Corporation (ONGC), will sign an agreement on April 8 to take 40 per cent stake in the San Cristobal oilfield in Venezuela. ... OVL will sign the agreement with Petroleos de Venezuela S.A. (PdVDA), which... [read full story]                    

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India's oil major ONGC to invest 450 million dollars in Venezuela

earthtimes.org     Apr 5, 2008          

New Delhi - India's Oil and Natural Gas Corporation (ONGC) will be investing about 450 million dollars in Venezuela where it has picked up a 40-per-cent stake in an oil field, India's Petroleum Minister Murli Deora said on Saturday. The state-run com...                    

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Development of capital goods needed in oil and gas sector: minister

indiaenews.com     Apr 5, 2008          

The Indian petrochemicals sector still lags behind in the manufacturing of capital goods required for the exploration and production of refined gas, said Union Petroleum Minister Murli Deora. ... Speaking at a seminar here, Saturday, the minister asked the foreign...                    

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ONGC Videsh to take over Venezuelan oil block

indiaenews.com     Apr 5, 2008          

An Indian team led by Petroleum and Natural Gas Minister Murli Deora will leave Sunday for Venezuela to complete the acquisition of oil fields worth around $450 million. ... Deora, while refusing to confirm or quantify the transaction amount, told IANS Saturday: 'We will...                    

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ONGC Videsh to take over Venezuelan oil block

newdelhinews.net     Apr 5, 2008          

An Indian team led by Petroleum and Natural Gas Minister Murli Deora will leave Sunday for Venezuela to complete the acquisition of oil fields worth around $450 million. ... Deora, while refusing to confirm or quantify the transaction amount, told IANS Saturday: 'We will...                    

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Steps being taken to enhance India's energy security, says Deora

newdelhinews.net     Apr 5, 2008          

Mumbai, Apr.5 : Petroleum and Natural Gas Minister Murli Deora on Saturday said that the government and oil companies have taken steps to enhance energy security for the country. ... Speaking at a seminar on "Opportunities in the Oil and Gas Industry" here, Deora said...                    

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India to spend $300b on oil exploration

menafn.com     Apr 6, 2008          

India to spend $300b on oil exploration ... (MENAFN) A top official at India's Oil Ministry said that the country will spend a total of $300 billion over the upcoming five to seven years on oil exploration and production, Bloomberg reported. He added that the exploration...                    

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India to invest $300b in energy

gulfnews.com     Apr 6, 2008          

India will spend $300 billion (over the next five to seven years on oil exploration and production, said M.S. Srinivasan, the Oil Ministry's senior official. ... "The exploration and production business will become a $5.2 trillion industry in the next five to seven...                    

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INDIAN OIL CO ONGC TO INVEST US & #36;450 MLN IN VENEZUELA

yahoo.com     Apr 7, 2008          

Energy ONGC OVL Limited (BSE:500312)will be investing around US & #36;450 million in Venezuela where thecompany has picked up a 40 per cent stake in an oil gas block,Union Petroleum Minister Murli Deora said. ... INDIAN OIL CO ONGC TO INVEST US$450 MLN IN VENEZUELA...                    

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India Plans To Spend $300 Billion On Oil Exploration

thinkinfra.com     Apr 7, 2008          

India will spend $300 billion over the next five to seven years on oil exploration and production, said M.S. Srinivasan, the Oil Ministry’s top official. The exploration and production business will become a $5.2 trillion industry in the next five to seven years, Srinivasan told reporters in...                    

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OVL Embarks On $450-M Tie-Up With Venezuelan Co

thinkinfra.com     Apr 7, 2008          

ONGC Videsh Ltd will sign an agreement with Petróleos de Venezuela S.A., the State oil company of Venezuela, for a $450-million investment in an oilfield next week, reports The Hindu Business Line . The Union Petroleum Minister, Mr Murli Deora, along with oil ministry officials will leave for...                    

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