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Two state-owned Indian firms, Oil and Natural Gas Corp. and Indian Oil Corp., look set to buy Canadian Talisman Energy's 25% stake in Greater Nile Petroleum Operating Co. (GNPOC) in Sudan for $750 million. Reports suggest the deal is now awaiting final cabinet approval. Sources close to the deal say Malaysian Petronas and China National Petroleum Corp., which have first right of refusal in any Talisman sale, have given their verbal consent.





