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COPYRIGHT 2002 Asia Pulse Pty Ltd
An executive briefing on energy for July 1, 2002, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
INDIA'S GAIL WANTS AN OVERSEAS ARM OR STAKE ON OVL
NEW DELHI - State-run Gas Authority of India (BSE:GAIL) has asked Government to either permit it to pick stake in overseas natural gas projects or be allowed to take stake in ONGC Videsh Ltd (OVL) for jointly pursuing projects abroad.
"We have written to the government that we be allowed to undertake gas business overseas. If the government wants to continue with exploration firm ONGC's fully-owned subsidary OVL as the front company for overseas acquisition then GAIL be given a stake in it", GAIL Chairman and Managing Director Prashanto Banerjee told PTI here.
OMAN BACKS OPEC'S DECISION TO MAINTAIN STABLE OIL PRICES
MUSCAT - Rashid bin Khalid Al-Barawani, Advisor of the Oil and Gas Minister for Marketing Affairs, has said the Sultanate backs the decisions taken by OPEC last Wednesday to maintain the stability of the international oil prices.
OPEC had agreed on maintaining...
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