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OVL mulls raising stake in $20 bn Venezuela oil project

Last Updated: Tuesday, September 24, 2013, 15:18

OVL, which has 11 percent stake in the project that will produce 400,000 barrels per day of oil (20 million tonnes) in four years, is looking at buying a similar stake that Malaysia's Petronas has decided to give up in the project.

ONGC blocks Chinese bid, to buy stake in Brazilian oilfield

Last Updated: Wednesday, September 18, 2013, 12:15

While the Indian firm will pick up 12.08 percent stake, the remaining 23 percent will go to Shell.