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. Last Updated: 07/27/2016

India to Invest in Gas

MOSCOW -- India plans to invest several tens of millions of dollars in the Russian natural gas industry, Interfax said.

Russian Deputy Fuel and Energy Minister Yelena Telegina said Wednesday that the Indian government has already decided to allocate funds for investment in Russian gas production, but it is not clear which projects India will invest in.

She said India's Oil and Natural Gas Corporation will probably bid for stakes in Russian oil companies in auctions planned for this year, Interfax reported.