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Russian oil to flow into India next year

NEW DELHI: India will receive its first shipment of oil from Russia's Sakhalin-I fields, where it is investing more than $2.7-billion, from the second quarter of 2006. The Sakhalin-I fields, where ONGC Videsh Ltd. has 20 per cent stake, began producing oil and gas earlier this month, OVL Managing Director R. S. Butola told reporters here.

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