NEW DELHI/SINGAPORE: Indian OilBSE 1.41 % Corp, the nation's largest oil firm, will buy Malaysian firm Petronas' 10 per cent stake in a shale-gas assets and liquefied- natural-gas (LNG) project in British Columbia for $900 million.
The acquisition of stake in Progress Energy Resources Corp for 1 billion Canadian dollars ($900 million) mark IOC's maiden entry into North America.
"I am pleased to announce that we have just finalised a further 25 percent equity participation from ..