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ONGC to invest Rs 7,337 crore to increase output

ONGC to invest Rs 7,337 crore to increase output

Thursday, February 23, 2017, 7:05 PM

India’s top oil and gas explorer Oil and Natural Gas Corp, will invest Rs 7,337 crore ($1.10 billion) in five oil fields to produce about 15 million tonnes of oil and about 3 billion cubic metres (BCM) of gas. India wants to increase domestic output to cut dependence on imports from the current 77%.
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