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LONDON (Reuters) - Small oil companies are a better investment than the commodity itself, which is likely to remain confined to a trading range because of a weak economy, the manager of a London-based fund said.
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LONDON/HELSINKI (Reuters) - Royal Dutch Shell is in exclusive talks with Finnish fuel distributor St1 to sell the oil major's Swedish refinery, both companies said on Monday.
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India Inc has received approvals to raise $1.16 billion through external commercial borrowings (ECBs) in July while foreign convertible currency bonds (FCCBs) shows a drop of almost 35% as against $1.79 billion in June. Similarly the ECB approvals have fallen by 42% over July 2009 when the Indian had raise $ 2.01 billion . According to data released by the Reserve Bank of India (RBI), on Monday, 67 companies have been given approvals to raise funds via ECBs and FCCBs in July 2010, as against 51
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The Dakshin Haryana Bijli Vitran Nigam will maintain and repair 400 feeders of 11 kv level in its area during the Power Distribution System Maintenance fortnight being observed by it to ensure safe electricity supply with minimum interruptions. The fortnight will be up to September 20, 2010. While stating this, a spokesman of DHBVN said the nigam has identified the maintenance work to be done at site by carrying extensive patrolling of whole length of all these feeders during last five days. Th
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The government has decided to dilute its stakes in two biggest oil PSUs, ONGC and Indian Oil Corporation (IOC), as part of its plan to raise Rs 40,000 crore in the current financial year. Centre plans to bridge its fiscal deficit through the disinvestment, a key official said. Besides, IOC will simultaneously raise fresh equity. The government currently holds 74% stake in ONGC and 79% in IOC. The government plans to divest 10% of its stake in IOC and 5% in ONGC, petroleum secretary S Sundaresha
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COLOMBO (Reuters) - Sri Lanka on Monday said it would offer new oil exploration blocks in an area off the northern coast where the initial flare-up of a quarter-century war with the Tamil Tiger separatists ended the hunt for oil.
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LONDON (Reuters) - U.S. oil prices slipped below $74 per barrel on Monday as the end of the U.S. driving season and high levels of unemployment in the world's biggest oil consumer raised concerns over the outlook for demand.
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The proposed merger of Reliance Infratel (tower arm of Reliance Communications) with GTL Infra that was expected to reduce debt for the former has now been officially called
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NEW DELHI (Reuters) - India is considering selling 10 percent in Indian Oil Corp and 5 percent in Oil and Natural Gas Corp in the March quarter, a deal that could fetch the government about $5.6 billion at current prices.
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NEW DELHI (Reuters) - The oil ministry will take a decision on whether to approve Vedanta Resources' deal for control in Cairn India in four to six weeks, Oil Minister Murli Deora said on Monday.
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LONDON (Reuters) - Royal Dutch Shell has been in exclusive talks with Finnish fuel distributor St1 to sell its downstream business in Finland and Sweden, the oil major said on Monday.
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NEW DELHI (Reuters) - The government plans to sell a 10 percent stake in state-run refiner Indian Oil Corp , Oil Secretary S. Sundareshan said on Monday.
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NEW DELHI (Reuters) - State-run Indian Oil Corp shut a 120,000 barrel per day (bpd) crude unit at its northern India refinery late on Sunday for 45 days to boost capacity 25 percent, its head of refineries B.N. Bankapur said on Monday.
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REUTERS - Clean energy producer Greenko Group said it made a push into the fast-growing wind energy market in India with a short-term target of 200 megawatt, and signed a power purchase deal with Reliance Infrastructure .
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LONDON (Reuters) - Oil slipped towards $74 per barrel on Monday as the end of the U.S. driving season and high levels of unemployment in the world's biggest oil consumer raised concerns over the outlook for demand.
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