Exec: GAIL India in Talks to Buy Stake in Tanzania Assets of Ophir



Reuters

NEW DELHI, Dec 3 (Reuters) - State-run gas utility GAIL India Ltd is in talks to buy a stake in the Tanzanian assets of British oil explorer Ophir Energy Plc, the Indian company's marketing head said.

Ophir had offered to sell a 40 percent stake in the Tanzania gas field, half of which has already been sold, said Prabhat Singh.

"There are various options. We are negotiating with them," Singh told reporters, without elaborating how much stake GAIL plans to buy.



WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

RELATED COMPANIES