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OVL races for oil block

OVL races for oil block

An unknown company has outbid ONGC Videsh’s bid to buy Exxon Mobil’s 25 per cent stake in a deep-sea oil block in Angola.

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Subsidy policy to hit OMCs

Subsidy policy to hit OMCs

Oil marketing companies’ (OMC) profitability and cash flows will continue to be strained on account of uncertainty over the future subsidy sharing pattern.

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Privatisation plan revived

Privatisation plan revived

Union Coal Ministry has decided to renew a decade-old proposal of opening up the sector for private investors in order to boost production in the sector.