India's Essar wins Nigerian oil block
Ann/ The Statesman
Ruias-led corporate house, Essar group has won an offshore oil block in Nigeria with reserves of up to 80 million barrels. Essar Energy Holdings Ltd, a unit of Essar Global, has bagged a shallow water offshore exploration Block 226 in the African country, industry sources said. Nigeria had offered 45 exploration blocks in its latest licensing round, to which no Indian company except Essar had responded.
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