IOC drops plans to buy French firm Maurel & Prom

Vol 8, PW 22 (09 Feb 05) People & Policy
     

Indian Oilآ’s much hyped $2bn war chest for the acquisition of a mid-sized oil and gas exploration firm is likely to remain unspent آ– at least for now. IOC has shelved plans to acquire Maurel & Prom of France, despite recent pronouncements to the contrary by oil minister Mani Shankar Aiyar....