(EnergyAsia, October 7) — Indian Oil Corp (IOC) lost its bid to acquire a majority stake in Turkish Petroleum Refineries (Tupras), Infraline reported. The stake was awarded to a Shell-led consortium which paid US$4.14 billion. This represents yet another setback for Indian oil companies attempting to buy oil and gas assets abroad. Earlier,…
INDIA: IOC gives up on buying stake in Turkey’s Tupras refinery
Posted on October 7, 2005 by EnergyAsia