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.
👉 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
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