>
> HIGH CRUDE PRICES FORCE ONGC TO CUT EXPLORATION EFFORTS
>    Tuesday, June 13, 2006
> Oil and Natural Gas Corp's (ONGC) exploration investments will take a hit
> of up to $2bn due to skyrocketing crude prices. This is expected to impair
> the exploration efforts, said petroleum secretary MS Srinivasan at a press
> conference in Mumbai.
>    http://www.rigzone.com/news/article.asp?a_id=33075
>
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