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Medco Energi

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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......

The 40 richest people in Southeast Asia

It's been a good year for Southeast Asia's 40 richest businesspeople. In Forbes Asia's second annual ranking, three-fourths saw their fortunes rise, thanks to improving markets and economies across......

IOC eyes S'pore Petroleum pie

Indian Oil Corporation is eyeing acquisition of a stake in Singapore Petroleum company as part of its plans to become a diversified, transnational, integrated energy major. "A financial investor......

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......

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