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Page added on September 30, 2005

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Angola, Nigeria want aid for oil exploration deals

Along with bids, India will have to offer economic development packages to Angola and Nigeria if it wants to acquire oil and gas exploration blocks in these countries.

..Economic development package could include assistance in power, railways and construction of roads. Nigeria made it clear that though the winning bidder would get the blocks, the degree of participation there would be commensurate with the development package.

Business Standard



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