For transaction value of USD 329 million
Indian Oil Corporation has completed acquisition of 17% participating interest in Mukhaizna Oil Field (including marketing rights for entitlement oil) by acquiring 100% equity stake in Shell Exploration & Production Oman from Shell Overseas Holdings, for a transaction value of USD 329 million. IndianOil has made this acquisition through its wholly owned subsidiary, IOCL Singapore. The effective date for the transaction is 01 January 2017.Powered by Capital Market - Live News
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