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Prices for natural gas produced from the legacy fields of ONGC and Oil India are controlled by the government, which introduced a price band of $4-6.5 per mmbtu for such output in April. The government allocates entire output from these legacy fields to different industries based on a priority ladder it has set.
Prices for natural gas produced from the legacy fields of ONGC and Oil India are controlled by the government, which introduced a price band of $4-6.5 per mmbtu for such output in April. The government allocates entire output from these legacy fields to different industries based on a priority ladder it has set.
Petroecuador CEO Ramon Correa, said by attracting private investment, output at Campo Amistad could be raised from the current 21mn ft3/day to 73mn ft3/d.