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ONGC wins 1000 crore award in cost disputes with 3 companies
Credit: IndiaTimes- Published on January 24, 2024
State-run ONGC wins international arbitration awards worth Rs 1,000 crore in cost-sharing disputes with Petrobras, ENI, and Rocksource. The disputes are related to offshore exploration blocks in Mahanadi, Krishna-Godavari and Cauvery basins. ONGC's work execution quality is validated by the unanimous awards.
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