Sunday, February 13, 2005

India, China move to end oil rivalry

In what could be the high point of the Mani Shankar Aiyar-initiated oil diplomacy, China's external oil arm, the China National Petroleum Corporation (CNPC), and ONGC Videsh Limited (OVL) are likely to bid jointly for oil and gas assets across the globe — instead of battling against one another.

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