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Saudi Aramco mulls acquisition of 30% stake in ONGC Petro Additions Ltd

29-Aug-13

Saudi Aramco plans to buy a 30% stake in a petrochemicals project at Dahej in India and is currently negotiating the purchase with ONGC Petro additions Ltd (OPAL), Saudi Gazette reported. The agreement will be beneficiary for Aramco as oil exporters are seeking markets in Asia due to increased oil and gas production in the Americas leading to lower imports.

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