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ONGC gets partners' nod for USD 5-billion Kashagan stake buy

Last Updated: Monday, January 28, 2013, 16:11

ONGC Videsh Ltd, which trumped a strong bid by arch-rival China National Petroleum Corp to bag a stake in Kazakhstan's giant Kashagan oilfield, has cleared the first hurdle when it secured approval of all the partners in the project for its USD 5 billion acquisition.