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Business & Economics

Billionaire Agarwal may invest in US oil service firms to expand Cairn output

Reuters
Summary
Nutrition label

79% Informative

India 's largest privately owned oil and gas company Cairn India said it may invest in U.S. service and engineering companies.

Chairman Anil Agarwal said he wants to spend $5 billion on developing his project to get to 500,000 barrels per day production.

The company plans to drill several deepwater exploration wells next year .

VR Score

90

Informative language

95

Neutral language

74

Article tone

semi-formal

Language

English

Language complexity

41

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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