Adani Welspun Exploration has announced to invest 1.5 billion US dollars in which company?
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Adani Welspun Exploration has announced to invest 1.5 billion US dollars in US shale and Canadian oil sands assets on 23 November 2014. The investment will be made towards stake purchases in select Louisiana and Texas shale fields in the US and some Alberta oil sands projects in Canada. Although the joint venture has an overall investment plan of 1.5 billion US dollars for overseas energy assets, it seeks to buy a minimum investment of 300 million US dollars.
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