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Author: admin (Infratructure Today)

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More infra funds on the anvil

More infra funds on the anvil

The government plans three more sector-specific sub-funds, including for development of airports and ports, under the Rs.40,000 crore National Investment and Infrastructure Fund (NIIF), reports the Business Standard.

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OVL wants oil in lieu of $537 million cash due from Venezuela

OVL wants oil in lieu of $537 million cash due from Venezuela

ONGC Videsh Ltd (OVL), the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), wants $537 million worth of crude oil in lieu of cash due for its share of sales from Venezuelan oilfield. OVL owns 40 per cent of the San Cristobal field and invested $190 million in 2008.

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Higher oil demand growth expected this year

Higher oil demand growth expected this year

India´s oil demand growth will exceed 11 per cent this year as the world´s third-largest oil and gas consumer fires up its economic development, said Minister of Petroleum and Natural Gas Dharmendra Pradhan.