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India's EOGEPL books record annual profit

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India's EOGEPL books record annual profit

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Natural Gas News
India's EOGEPL books record annual profit

Summary

The company's revenue surged by 81% year/year during the year ending March 31. by: Shardul Sharma

Essar Oil and Gas Exploration and Production (EOGEPL), an Indian gas producer, on July 31 reported a record net profit of 3.35bn rupees ($40mn) for the fiscal year e...

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While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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