Essar Looking at Minor Stake in Libyan Oil (March 12, 2007)
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>