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Reference was made following government-owned Oil and Natural Gas Corporation (ONGC), Cairn IndiaPs partner in three producing fields, seeking an opinion from the petroleum ministry. The proposed deal will see the Anil Agarwal-promoted Vedanta group taking up to 51 per cent in Cairn India. ONGC has written to the petroleum ministry twice on the deal, after its chairman, bill Gammell, was asked to apply for approvals under the various production sharing contracts.

Author

Sukanya Reddy

Language

EN