Indian Oil Corp, Oil India may hike bid for Gulfsands Petroleum
Mon, March 22 2010 17:06 | 260 Views
The Syria-focused oil explorer on Friday said it had rejected an unsolicited offer by a company it did not identify, for being too low. Gulfstone, which has oil properties in Syria and the Gulf of Mexico, produces 14,000-17,000 barrels of oil per day.
IOC-OIL have teamed up to acquire overseas assets and share cost and investment in 50:50 ratio.
Source:
Business in Asia Today - March.22, 2010
published by Asia Pulse
Editor: Ricka
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