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In a strategic move to bolster its global energy portfolio, ONGC Videsh Ltd has secured a significant stake in Azerbaijan’s oil sector. The acquisition, valued at USD 60 million, includes Equinor's interests in the Azeri Chirag Gunashli oil field and the Baku Tbilisi Ceyhan pipeline. This deal not only strengthens ONGC's presence in a key energy market but also underscores its commitment to securing strategic resources vital for India's energy security.