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Indian Oil secures 17 percent stake of Shell in Oman oilfield

April 6, 2018

Source: Economic Times

Indian Oil secures 17 percent stake of Shell in Oman oilfield

India’s largest oil firm, Indian Oil, announced today that it has acquired Royal Dutch Shell's 17 per cent stake in the Makhaizna oilfield in Oman for USD 329 million. This is Indian Oil's first producing upstream acquisition in Oman which will further enhance its growth in the upstream sector in the Middle East and would strengthen its presence.

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