Oil and Natural Gas Corp (ONGC) is considering a joint bid along with Mittal Steel Co for a stake in the Ishpingo-Tambochocha-Tiputini (ITT) oil field in Ecuador
Media Release
Jul. 13, 2006

ITT is one of the largest oil fields in Ecuador, capable of producing 190,000 barrels of oil a day, and has estimated oil reserves are 900 mln barrels.

Oil and Natural Gas Corp (ONGC) is considering a joint bid along with Mittal Steel Co for a stake in the Ishpingo-Tambochocha-Tiputini (ITT) oil field in Ecuador.

It said ONGC and Mittal may submit a bid through their Cyprus-registered joint venture company, ONGC Mittal Energy Ltd (OMEL).

Oil and Natural Gas Corp (ONGC) is considering a joint bid along with Mittal Steel Co for a stake in the Ishpingo-Tambochocha-Tiputini (ITT) oil field in Ecuador
Media Release
ITT is one of the largest oil fields in Ecuador, capable of producing 190,000 barrels of oil a day, and has estimated oil reserves are 900 mln barrels.
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South Korean-U.S. free trade agreement under negotiation witnesses 70,000 protesters
Media Release
About 70,000 protesters turned out in central Seoul, South Korea, on for a third consecutive day of demonstrations against a South Korean-U.S. free trade agreement under negotiation, police said.
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South Korea refused to discuss an expansion of rice import quotas during the second round of trade agreement negotiations with the United States in Seoul
Media Release
The United States wants South Korea to deregulate the auto, insurance and medicine markets. Outside the meeting, Korean police made ready for an anticipated 100,000 protesters, deploying 100,000 officers to the negotiation site.
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Commerce Minister Kamal Nath will go to Geneva this week as part of the consensus building exercise
Media Release
Apart from India, WTO Director General Pascal Lamy has been mandated to hold one-on-one discussions with other key players the US, EU, Brazil, Japan and Australia to break the impasse after the collaspe of Mini-Ministerial at Geneva early this month.
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The Bombay Stock Exchange benchmark, the Sensex, fell by 59.98 points in early trading
Media Release
The Bombay Stock Exchange (BSE) 30-share sensitive index (sensex) opened moderately up at 10,699.62 and later moved erratically in a range of 10,704.01 and 10,624.32...
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Mukesh Ambani, head of petrochemicals giant Reliance Industries, said he wants to create a mln new jobs by revolutionizing the country's farming and retail sectors
Media Release
Ambani is planning a network of stores in India, with an annual sales target of 25 bln usd by 2011 to make his company a Wal-Mart in India.
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Steel Authority of India Ltd will expand with $8 Billion new investments to counter Mittal
Media Release
Steel Authority of India Ltd (SAIL) on Sunday said it would invest Rs 370 billion (US$8.04 billion) in the next three years.
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Car manufacturer Honda Siel Cars India Ltd, which is doubling its annual production capacity to 100,000 units by the end of 2007 with another plant
Media Release
The company's Director-Sales and Marketing H Shimizu said it has scaled up capacity at its production facility at Noida to 50,000 units last November and the facility is being expanded further to 60,000 units this year.
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