India’s ONGC Limited poised to become major international player

India’s Petroleum Ministry has forecast an estimated 75% increase in natural gas production over the next five years, according to a Mining Weekly article. Currently, India’s gas production is around 100 million standard cubic meters a day, but India’s Petroleum Ministry expects to be producing between 163 million and 175 million standard cubic meters a day over the next five years.

The Petroleum Ministry expects national E&P major ONGC Limited (ticker: ONGC) to account ...

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