‘Some talks going on’, says Oil India CMD on Kenya oilfield acquisition
Oil India Limited (OIL) Chairman and Managing Director Ranjit Rath on Thursday said the public sector oil marketing company is holding talks with other stakeholders on the potential acquisition of a 50 per cent stake in Tullow Oil’s $3.4-billion oilfield project in Kenya.
“I can only say some discussions are going on,” Rath told reporters at a post-results press conference, without giving further details. His comments come days after reports said the country’s flagship overseas oil firm ONGC Videsh has got a new partner in Oil India Ltd for the acquisition.
