Delhi MCD Election Results 2017

Source: media reports

IOC,Oil India eye stake in Essar’s gas block

IOC,Oil India eye stake in Essar’s gas block
Comment E-mail Print Share
First Published: Tue, Aug 24 2010. 09 36 AM IST
Updated: Tue, Aug 24 2010. 09 36 AM IST
Bangalore: State-run firms Indian Oil Corp and Oil India Ltd are in talks to buy 20% each in Essar group’s gas block in Myanmar, the Economic Times reported on Tuesday, citing a consultant advising the two companies and an unnamed oil ministry official.
It did not give a value for a possible deal.
Essar’s shallow water gas block has an estimated 13 trillion cubic feet of gas reserve, larger than the gas reserve in Reliance Industries Ltd’s KG-D6 fields off India’s east coast, the newspaper said.
An Essar spokesman declined to comment while queries sent to IOC and Oil India remained unanswered, it said.
Comment E-mail Print Share
First Published: Tue, Aug 24 2010. 09 36 AM IST