(Bloomberg) -- Cairn Energy Plc won approval from
India's government to build a pipeline from an oil project in
western India, clearing the last hurdle before development of
the field, an official at partner Oil & Natural Gas Corp. said.
The Ministry of Petroleum and Natural Gas cleared the plan
by Cairn India Ltd., the Indian unit that raised $1.9 billion in
a December share sale, to build the pipeline from Rajasthan to
deliver the oil to markets, the official said in New Delhi today,
asking not to be identified because the government must announce
the decision.
Read more at Bloomberg Energy News
India's government to build a pipeline from an oil project in
western India, clearing the last hurdle before development of
the field, an official at partner Oil & Natural Gas Corp. said.
The Ministry of Petroleum and Natural Gas cleared the plan
by Cairn India Ltd., the Indian unit that raised $1.9 billion in
a December share sale, to build the pipeline from Rajasthan to
deliver the oil to markets, the official said in New Delhi today,
asking not to be identified because the government must announce
the decision.
Read more at Bloomberg Energy News
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