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Benzinga
Benzinga
World
Navdeep Yadav

India State-Owned Energy Firm Considers Raising Stakes In Russian Oil Fields Amid Ukraine Invasion

Oil Russia India Ukraine United States NYSE ONGC

While countries worldwide have imposed sanctions and withdrawn trade deals with Russia after it invaded Ukraine, India seems to be taking advantage of the situation to ramp up its energy assets.

What Happened: According to an Economic Times report, state-owned Oil & Natural Gas Corporation Limited (ONGC) is mulling options of more bids for multiple Russian oil and gas fields from Western companies.

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