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India
invited to join transport aircraft project
Bangalore: India has been asked by an aircraft
consortium to join its project to build a family of regional
jet transport aircrafts for civilian use.The Russian government
has committed to buy about 60 civil aircrafts. While the
airframe will be built by the Seattle-based Boeing and
the Sukhoi Design Bureau the engine will be jointly built
by European aero engine manufacturer Snecma and Russia's
Lyulka Saturn. The first plane is expected to take off
by 2007-08.
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Tripoli
offers equity in refineries
New Delhi: Libya has invited Indian oil firms to
operate its old refineries after investing in their revamp
and has also offered New Delhi rights to explore oil in
the country.Tripoli wants India's state-run oil firms
to upgrade its 220,000 barrels per day Ras Lanuf and 8,400
barrels per day Brega refineries. Libya has offered equity
in the Ras Lanuf refinery to Indian companies besides
inviting them to participate in bidding for rights to
explore 6-8 fields in the oil rich country.
Tripoli
also wants India to help build a new 20,000 barrels per
day refinery in Sebha, which would process crude from
the nearby Murzuq field, and a 200,000 barrels per day
export refinery in Misurata.While Indian Oil Corp will
look at the proposal for revamping the refineries, ONGC
Videsh Ltd will be looking at the oil blocks on offer.
OVL already has 40 per cent stake in two exploration blocks,
NC-188 and NC-189, in Libya.
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