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Indian Oil Corporation Ltd In Talks To Buy Petronas' 10% Stake In Canadian Asset-Business Standard


Tuesday, 9 Jul 2013 10:14am EDT 

Business Standard reported that Indian Oil Corporation Ltd is in talks to buy Malayasian oil firm Petronas' 10% stake in Canadian shale gas assets, which are touted to be worth at least $1.5 billion. Petronas has approached IOC with an offer to sell a 10% stake in shale gas assets in northeastern British Columbia, sources with direct knowledge of the development said. 

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