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Loyz Energy to buy 20% of Norwegian firm

Thursday, March 6, 2014 - 06:00

UPSTREAM oil and gas group Loyz Energy yesterday announced it would be acquiring a 20 per cent stake in Norwegian oil and gas exploration firm Fram for US$41.4 million. The acquisition will allow both firms to share expertise and resources, said Loyz, and should Fram decide to carry out an

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