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The Essar Group is looking
to pick up a minor stake
of 20 per cent in Phoenix
Libya, oil and gas field,
with rights to increase
stakes to 50 per cent.<More>
Essar Negotiating 20% Stake in
Libyan Oil Field
(March 05, 2007)
The Essar group is negotiating
with Phoenix Libya (a
subsidiary of Phoenix AG) to
buy 20 percent stake with
rights to buy up to 50 per
cent in an oil and gas field
in Libya and also plans to
take oil and gas blocks in
Iran, Papua New Guinea, and
Libya.<More>
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