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ONGC’s swap pact with Italy’s Eni
India’s state-run energy major Oil and Natural Gas Corporation (ONGC) Wednesday picked up a 20 percent stake in exploration blocks in Congo operated by Italy’s Eni and in return gave the Italian firm a 34 percent stake in a deepwater block in India.
‘The agreement also foresees the potential for a Joint Operatorship between Eni and [...]
