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.

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Here is the news bullets sorted by DelhiBreakings.com team.


๐Ÿ‘‰ State-run Oil India Ltd in discussion with Tullow Oil to acquire stake in its block Kenya
๐Ÿ‘‰ Tullow Oil looking for a strategic investor for its onshore oil project in Kenya
๐Ÿ‘‰ Tullow Oil is the present operator of the venture with 50% stake
๐Ÿ‘‰ Africa Oil Corp and TotalEnergies SE have 25% stake each
๐Ÿ‘‰ Indian state oil firms have invested $5.46 billion in buying stakes in four different assets in Russia
๐Ÿ‘‰ ONGC Videsh Ltd previously held discussions in July last year with Tullow Oil
๐Ÿ‘‰ Oil India CMD says company is working on possible solutions for dividends stuck in Russia
๐Ÿ‘‰ Company reported its highest-ever net and turnover for last financial year

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