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Indian Oil Corporation acquires 17% participating interest in Mukhaizna Oil Field

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For transaction value of USD 329 million

has completed acquisition of 17% participating interest in (including marketing rights for entitlement oil) by acquiring 100% equity stake in 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.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 05 2018. 18:42 IST
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