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Iran replaces ONGC with state company in oil field

 Iran has awarded the development of an offshore oil field that state-owned Oil and Natural Gas Corporation had abandoned as commercially unviable, to a domestic company.ONGC Videsh Ltd and its......

Iran: Oil majors to invest $4 bn

 ONGC Videsh Ltd and its partners Indian Oil Corporation and Oil India Ltd are likely to invest about $4 billion to start production from a massive gas field they discovered in offshore Iran, in the......

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