Modi’s $27 Billion Oil Quest Gives Services Firms a Lifeline

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  • India projects probably largest in world right now: Technip
  • Competition driving services prices down as much as 50%: ONGC

Narendra Modi.

Photographer: Nicky Loh/Bloomberg

India is offering global oilfield service providers starved of new contracts a $27 billion lifeline as the government’s ambition to cut fuel imports drives fresh investment.

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