Oil India Ltd (OILI.NS)
6 Dec 2013
|Market Cap (Mil.):||Rs277,754.91|
|Shares Outstanding (Mil.):||601.14|
NEW DELHI - ONGC and Oil India are unlikely to buy an 11 percent stake being shed by Malaysian state firm Petronas in Venezuela's Petrocarabobo petroleum project, sources close to the companies said on Tuesday.
HOUSTON/CARACAS, Sept 10 - Malaysian oil company Petronas said it is exiting one of the biggest petroleum projects in Venezuela's Orinoco belt, after what sources close to the venture and within the firm said were disagreements with Venezuelan authorities and state-run PDVSA.
(Corrects paragraph 1 to say Paradip refinery is a unit of Indian Oil Corp, not of Oil India)
MUMBAI - State-run explorer Oil India expects to raise 80-90 percent of the $1 billion it has agreed to pay for a stake in a Mozambique offshore gas block through overseas debt, its chief financial officer said on Monday.
Note: Reuters has not verified these stories and does not vouch for their accuracy.