Venezuelan oil minister Rafal Ramirez Carreno has said that GAIL India Ltd may be granted a stake in Venezuela's gas reserves. The news was welcomed by the Indian minister of petroleum and natural gas, Murli Deora. Carreno and Deora were meeting in the Venezuelan capital Caracas on April 9 to finalise a $400 million crude oil deal between Venezuelan state-owned PDVSA and India's ONGC.
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