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Venezuela In Talks With Reliance Industries Ltd And Oil & Natural Gas Corporation Limited To Explore Blocks-Reuters

Wednesday, 17 Oct 2012 12:46am EDT 

Reuters reported that Venezuela's state oil company PDVSA is in talks with India's Reliance Industries Ltd and Oil & Natural Gas Corporation Limited (ONGC) to explore Ayacucho and Boyaca fields. On September 25, Venezuelan Oil Minister Rafael Ramirez said his country would partner with Reliance to develop a block in the south American country's Orinoco extra heavy crude belt.