Monday, July 9, 2007

Indian firms eye Devon's West Africa assets - sources

(Reuters) - Four state-run Indian oil firms are weighing up whether to enter the race for some of the West African oil and gas assets held by U.S.-based Devon Energy, sources close to the potential bids said on Monday.

A source said exploration firm Oil India Ltd. and refiner Indian Oil Corp. (IOC) were jointly evaluating data for a possible non-binding bid for Devon's Angolan assets and "would submit a bid if the data meets expectations".


Read more at Reuters Africa

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