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.

Copyright 2017 Thomson Reuters. Click for Restrictions.

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