Sunday, September 27, 2020

BPCL pays for defaulting Videocon in Brazil oil block

In September 2008, BPCL and Videocon Industries had formed a 50:50 joint venture to acquire a Brazilian oil exploration firm for USD 283 million. The two firms formed an incorporated joint venture IBV Brasil Petroleo Limitada to acquire Encana Brasil Petroleo Limitada from Canadian gas producers EnCana.

from Energy-Industry-Economic Times https://ift.tt/3mPPg77

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