DelhiDesk State-run Oil India Ltd (OIL) is in discussions with Tullow Oil to acquire a stake in its block in Kenya. Tullow Oil has been seeking a strategic investor for its onshore oil project in Kenya, in which it holds a 50% stake. Africa Oil Corp and TotalEnergies SE own 25% each, and the three are expected to sell part of their stake. OIL Chairman Ranjit Rath confirmed that discussions were ongoing but did not provide further details.
Follow DelhiBreakings on Google News
Here is the news bullets sorted by DelhiBreakings.com team.
👉 State-run Oil India Ltd in discussion with Tullow Oil to acquire stake in its block Kenya
👉 Tullow Oil looking for a strategic investor for its onshore oil project in Kenya
👉 Tullow Oil is the present operator of the venture with 50% stake
👉 Africa Oil Corp and TotalEnergies SE have 25% stake each
👉 Indian state oil firms have invested $5.46 billion in buying stakes in four different assets in Russia
👉 ONGC Videsh Ltd previously held discussions in July last year with Tullow Oil
👉 Oil India CMD says company is working on possible solutions for dividends stuck in Russia
👉 Company reported its highest-ever net and turnover for last financial year
For superfast news and Delhi Breaking Stories visti us daily at https://delhibreakings.com
Something went wrong. Please refresh the page and/or try again.