Sudan plan perks up Videocon Inds
Videocon Industries spurted over 5 per cent on reports that the company plans a $100-million investment, taking up 76 per cent stake in a Sudanese oilfield. The stock closed at Rs 263, up 5.2 per cent from its previous close.
The counter, however, was thinly traded with just 3,077 shares changing hands on BSE. Videocon, signed a memorandum of understanding with the government of Khartoum in Sudan, last month, for investing and developing oil projects there.
The Videocon Group intends to expand its presence in the energy sector and are considering to examine the exploration and development opportunities in India, Sudan and the Middle East, consequent to amalgamation of Petrocon India Ltd with the company.
The company will be among the first private sector companies in India to study exploration and development opportunities in Sudan and the Middle East.
- Database Search
- Unpaid Debt A comprehensive overview of the role of the Lundin Consortium in the oil war. ECOS calls upon the Swedish, Austrian and Malaysian governments to investigate whether, as a matter of international law, Lundin, OMV and Petronas 'were complicit in the commission of war crimes and crimes against humanity by others during the period 1997-2003.’ In response, the Swedish Public Prosecutor for International crimes opened a criminal investigation into ‘links between Sweden and the reported crimes’.
- In Depth For more specific information about the Lundin court case please visit the Unpaid Debt dossier.
