Deals
India to Vet Vedanta’s Oil Know-How Before Allowing Cairn Deal
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India will vet the ability of London-based miner Vedanta Resources Plc to carry out oil exploration before allowing it to buy a majority stake in Cairn Energy Plc’s local unit, the oil ministry’s top bureaucrat said.
The ministry must approve any changes to production-sharing contracts signed by Cairn India Ltd., Oil Secretary S. Sundareshan said today.