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Home / Information Cafe / India Business News / HPCL unit buys stake in Australian fields

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HPCL unit buys stake in Australian fields
  January 29, 2014
  Source: IEBF
 
Prize Petroleum, a wholly-owned subsidiary of Hindustan Petroleum Corporation Ltd (HPCL), has acquired stakes in two Australian hydrocarbon fields for A$ 85 million (US$ 74.83 million). The company has entered into an agreement with Sydney-based AWE Ltd to acquire 11.25 per cent stake in T/L1 area and 9.75 per cent interest in T/18P area.

 

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