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Govt planning to sell ONGC’s 149 fields to private companies

The government is planning to sell as many as 149 small and marginal oil and gas fields of Oil and Natural Gas Corporation (ONGC) to private and foreign companies. The government is also planning to allow the state-owned firm to focus only on big fields.

ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.

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