Oil India exits US shale venture, sells 20% stake for $25 million | Hellenic Shipping News Worldwide
State-owned Oil India Ltd (OIL) has exited from a US shale oil venture, selling its 20 per cent stake to its venture partner for USD 25 million — the second exit of an Indian firm from the US shale business in two months. “Oil India (USA) Inc (wholly owned subsidiary of OIL), divested its entire ...