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    <title>Indian Shares</title>
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    <description>Investing in the future</description>
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      <title>India and Saudi Arabia Sign the Delhi Declaration</title>
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      <pubDate>Sat, 28 Jan 2006 18:28:30 GMT</pubDate>
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&lt;p class="MsoNormal"&gt;
   &lt;st1:country-region w:st="on"&gt;India&lt;/st1:country-region&gt;
   and 
   &lt;st1:place w:st="on"&gt;
      &lt;st1:country-region w:st="on"&gt;Saudi Arabia&lt;/st1:country-region&gt;
   &lt;/st1:place&gt;
   have signed an energy co-operation deal. The deal referred to as the ‘&lt;i style=""&gt;Delhi
   Declaration&lt;/i&gt;’ was signed during a visit by King Abdullah to 
   &lt;st1:place w:st="on"&gt;
      &lt;st1:country-region w:st="on"&gt;India&lt;/st1:country-region&gt;
   &lt;/st1:place&gt;
   . The deal will see both pubic and private companies in the two countries co-operating
   on projects. As part of the deal 
   &lt;st1:country-region w:st="on"&gt;Saudi
 Arabia&lt;/st1:country-region&gt;
   will invest in oil handling facilities in 
   &lt;st1:country-region w:st="on"&gt;
      &lt;st1:place w:st="on"&gt;India&lt;/st1:place&gt;
   &lt;/st1:country-region&gt;
   . The declaration will also see the two countries work together on Information Technology,
   Energy, and bio-technology and education.&lt;o:p&gt;&lt;/o:p&gt;
&lt;/p&gt;
&lt;p class="MsoNormal"&gt;
   The energy agreement follows on from a similar deal signed between 
   &lt;st1:country-region w:st="on"&gt;China&lt;/st1:country-region&gt;
   and 
   &lt;st1:country-region w:st="on"&gt;
      &lt;st1:place w:st="on"&gt;Saudi Arabia&lt;/st1:place&gt;
   &lt;/st1:country-region&gt;
   earlier in the week.
&lt;/p&gt;
&lt;p&gt;
&lt;/p&gt;
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      <category>Economy;Energy;IT</category>
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        <p>
      The Indian Oil Company (IOC) is to sell the less than 10% stake that it holds in India's
      Oil and Natual Gas Company (ONGC), subject to government approval. This news follows
      the Indian governments indication in November that it was happy for Indian energy
      companies to sell here cross-holdings in each other.
   </p>
        <p>
          <br />
       
   </p>
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      <title>Indian Oil Company to sell stake in Oil and Natural Gas Company</title>
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      <link>http://www.indianshares.co.uk/PermaLink,guid,8ecf11af-8c9e-41d0-990b-4d7e3f23c4a8.aspx</link>
      <pubDate>Fri, 30 Dec 2005 22:57:17 GMT</pubDate>
      <description>&lt;p&gt;
   The Indian Oil Company (IOC) is to sell the less than 10% stake that it holds in India's
   Oil and Natual Gas Company (ONGC), subject to government approval. This news follows
   the Indian governments indication in November that it was happy for Indian energy
   companies to sell here cross-holdings in each other.
&lt;/p&gt;
&lt;p&gt;
   &lt;br&gt;
   &amp;nbsp;
&lt;/p&gt;
&lt;img width="0" height="0" src="http://www.indianshares.co.uk/aggbug.ashx?id=8ecf11af-8c9e-41d0-990b-4d7e3f23c4a8" /&gt;</description>
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      <category>IOC;ONGC;Energy</category>
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