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Venezuela, India Sign Oil Deals Worth $1.45 Billion

Venezuela signed oil production deals with India and a local corporation Friday totaling nearly $1.45 billion. Petroleos de Venezuela SA (PDVSA), India’s Oil and Natural Gas Corporation (ONGC), and Venezuela’s consortium Delta Finance BV — led by local Delta Petroleum — are set to increase oil production. “I want to thank you for your confidence in our oil industry, your confidence in our country and to tell you that we are reliable partners to continue working, producing and to...

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