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The Economic Times

Economy / The Economic Times

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Indian oil majors strike it rich again in Abu Dhabi block

A major announcement has emerged from the combined forces of Indian Oil Corporation and Bharat Petroleum Corporation regarding newfound oil deposits in Abu Dhabi. Tapped within the Onshore Block 1 exploration concession, Urja Bharat Pte Ltd, their collaborative entity, discovered oil in two wells. These discoveries play a vital role in bolstering India's energy security initiatives.

14 Jan 2026 2:48 pm