Oil India to raise $100 mln foreign debt for US shale buy
NEW DELHI, Oct 4 (Reuters) - State explorer Oil India
plans to raise $100 million in foreign loans by December to part-fund its stake buy in Carrizo Oil & Gas's
Niobrara shale asset, its finance director T.K. Ananth Kumar said on Thursday.
Earlier, Oil India and Indian Oil Corp said they have jointly bought a 30 percent stake in Houston-based Carrizo's Niobrara shale acreage in Colarado for $82.5 million.
(Reporting by Nidhi Verma; Editing by G.Ram Mohan)
((prashant.mehra@thomsonreuters.com)(+91-22-6180 7029)(Reuters Messaging: prashant.mehra.thomsonreuters.com@reuters.net))
Keywords: OILINDIA DEBT/
NEW DELHI, Oct 4- State explorer Oil India. plans to raise $100 million in foreign loans by December to part-fund its stake buy in Carrizo Oil& Gas's. Earlier, Oil India and Indian Oil Corp said they have jointly bought a 30 percent stake in Houston- based Carrizo's Niobrara shale acreage in Colarado for $82.5 million.