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For oil and gas security India has invested in production fields abroad. In which of the following production companies do the Indian PSUs hold shares ?
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- Saudi Aram Co.
- Sakhalin-I
- Petronas
- Chevron Texa Co.
- Saudi Aram Co.
Correct Option: B
Sakhalin is a consortium to locate and produce oil and gas on Sakhalin Island and immediately offshore, in the Okhotsk Sea, from three fields: Chayvo, Odoptu, and Arkutun-Dagi. India’s ONGC managed to secure a commitment for a 23 per cent stake in Russia’s Sakhalin III project in 2003. The gigantic Sakhalin-I fields in far east Russia is India’s single largest investment abroad.
