Monday, July 9, 2007

IOC, Oil India eye Devon's West Africa assets - sources

(Reuters) - State-run firms Indian Oil Corp. (IOC) and Oil India Ltd. (OIL) are jointly considering making a non-binding bid for the West African assets of U.S.-based Devon Energy Corp., industry sources said.

A source closely involved in planning a possible bid told Reuters the two companies were "evaluating the data and would submit a bid if the data meets expectations."


Read more at Reuters Africa

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