(EnergyAsia, December 24, Monday) — India’s privately held Essar Oil has begun talks to acquire up to half the stake collectively owned by three Western majors in a four-million-ton-per-year oil refinery in Kenya. Chevron, Royal Dutch Shell and BP are believed to be motivated to sell off their downstream assets to focus on exploration…
INDIA: Essar Oil in talks to buy stake in Kenya oil refinery
Posted on December 23, 2007 by EnergyAsia