Indian Companies Pay $600 Million for Stake in UAE Oil Field

Indian companies agreed to pay $600 million for a stake in one of Abu Dhabi’s biggest offshore oil concessions, securing a share in the emirate’s crude production for the first time. State-owned  Oil and Natural Gas Corp. and two other Indian companies will take a 10 percent share of the concession to pump crude from […]

Source: Indian Firms Pay $600 Million for Stake in UAE Oil Field – Bloomberg Businessweek Middle East