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IOC, OVL to acquire a stake in Tullow’s $3.5bn project – EQ Mag Pro

New Delhi: Flagship refiner-retailer IndianOil has roped in ONGC Videsh (OVL), the overseas investment arm of state-run explorer ONGC, to revive talks for buying a stake in Tullow Oil’s Lokichar oil field in Kenya in a deal size seen at more than $2 billion, if finalized. Sources said senior executives from the two Indian entities […]

SWELECT Energy to raise Rs 1.38 billion via debenture sales – EQ