VOL. XLVI

No 2

13-January-2003

SUDAN

Shareholder Objections Delay Approval Of Talisman GNPOC Stake Sale

A dispute between shareholders has delayed the completion of Talisman Energys $758mn sale of its 25% stake in the Greater Nile Petroleum Operating Company (GNPOC) to Indias ONGC Videsh, announced in late October (MEES, 4 November 2002). MEES understands that the largest shareholder, Chinas CNPC, has raised political objections to the entry into the consortium of the Indian company. The...