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Article: BRIEFING - ASIA ENERGY - APRIL 21, 2003.
- Article from:
- AsiaPulse News
- Article date:
- April 21, 2003
CopyrightCOPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An executive briefing on energy for April 21, 2003, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
SHV PROPOSAL FOR MORATORIUM ON INDIAN DIVESTMENT HITS SNAG
NEW DELHI - Dutch major SHV Energy's proposal seeking a one-year moratorium on divestment of 26 per cent stake in its downstream subsidiary appears to have hit a snag, with the Indian government questioning the company's seriousness in completing the mandated divestment.
As per the entry conditions imposed on SHV, the company must divest 26 per cent stake in downstream ventures within ...