Last week, Shell bid more than half a billion dollars for Cove Energy. Cove Energy's main asset is an 8.5% stake in the Rovuma Offshore Area 1. Bharat Petroleum and Videocon own minority stakes in the Rovuma license.
In an interview to CNBC-TV18, RK Singh, chairman and managing director of BPCL says, another party called PTT, National Company of Thailand, has quoted USD 1.8 billion.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
