via Earth Times
India’s Oil and Natural Gas Corporation (ONGC) will be investing about 450 million dollars in Venezuela where it has picked up a 40-per-cent stake in an oil field, India’s Petroleum Minister Murli Deora said on Saturday. The state-run company acquired the stake in the San Cristobal oil field in the Orinoco basin which has a reserve of about 250 million tons, Deora told reporters in India’s western city of Mumbai.
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