 "oil")
A consortium comprising several oil companies in India is reportedly eyeing a stake in a hydrocarbon asset of the Abu Dhabi National Oil Company (ADNOC). The consortium is led by ONGC Videsh Ltd (OVL)and includes companies like Indian Oil Corporation Ltd (IOCL), Bharat PetroResources Ltd (BPRL) and Oil India Ltd (OIL), according to a report in Mint.
The Indian and UAE governments are facilitating the talks, the report added. It will be India's second investment in a producing asset in the Gulf region.
India's gas imports from UAE were $1.8 billion between April and August. This is over 20 per cent
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