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State group consortium not yet placed bid for Cove Energy'

A consortium of Oil & Natural Gas Corp. and GAIL Ltd. hasn't placed a bid for Cove Energy PLC, an executive with one of the two state-run Indian companies said Friday.



New Delhi: A consortium of Oil & Natural Gas Corp. and GAIL Ltd. hasn't placed a bid for Cove Energy PLC, an executive with one of the two state-run Indian companies said Friday.

The executive said that the two companies are, however, interested in buying Mozambique-focused oil explorer Cove Energy via negotiations, rather than bidding.

Bureau Report

From Zee News

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