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OIL, IOC said to consider raising Gulfsands offer

OIL, IOC said to consider raising Gulfsands offer
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First Published: Mon, Mar 22 2010. 10 56 PM IST
Updated: Mon, Mar 22 2010. 10 56 PM IST
New Delhi/London: Oil India Ltd (OIL) and Indian Oil Corp. Ltd (IOC) may raise their offer for Gulfsands Petroleum Plc after the UK firm with assets in Syria and the Gulf of Mexico spurned an approach valuing it at around $570 million (Rs2,590 crore), a person familiar with the matter said.
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First Published: Mon, Mar 22 2010. 10 56 PM IST