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Medco Energi

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  • Business

IOC loses race for Medco

Indian Oil Corporation, the country's largest refiner, has lost out in the race for acquiring a stake in Indonesia's largest listed oil and gas producer Medco.The Singapore state investment fund......

RIL sells 25% stake in Yemen oil block for $90 mn

Reliance Industries said on Wednesday it has completed sale of its 25 per cent stake in an oil block in Yemen to Indonesia's Medco Energi for about $90 million.RIL's Dubai-based subsidiary Reliance......

RIL sells stake in Yemen oil block to Indonesian firm

Reliance Industries has sold its 25 per centstake in an oil block in Yemen to Indonesia's Medco Energi for about $90 million, the firm's second overseas stake sale in one month. RIL's Dubai-based......

IOC to acquire stake in Indonesian firm

The Indian Oil Corporation board on Wednesday approved a proposal to bid for up to 40 per cent stake in Indonesia's largest independent upstream company PT Medco Energi International. IOC will now......

Stay on home turf, IOC told

The petroleum ministry is not favourably disposed to some of the ambitious plans drawn up by state-owned oil majors. Not only is the ministry opposed to Indian Oil Corporation's plans of acquiring......

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