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NEW DELHI -(Dow Jones)- Oil & Natural Gas Corp. (500312.BY) has filed the draft prospectus for its upcoming offering of shares with India's capital markets regulator, a senior company executive said Tuesday. The executive declined to be named. The Indian government plans to sell a 5% stake in ONGC. It currently holds 74.14% of the country's largest oil producer by output. Copyright © 2011 Dow Jones Newswires