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ONGC to sell stake

ONGC to sell stake
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ONGC will shortly farm out nearly 26 per cent stake in its KG-DWN-2004/6 block in the Krishna-Godavari basin to Japan’s Inpex Corporation. ONGC has been trying to involve international exploration and production companies in its operations. Inpex is an experienced global player. Inpex will bear the well commitment cost as an entry fee to the whole business.

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