(Bloomberg) -- Shares of Cairn Energy Plc, an oil and
gas explorer in Asia, rose on speculation the company's India unit
had a pipeline project approved by the government in New Delhi.
``The speculation in the market is that we may soon hear
confirmation that Cairn has finally got approval for the 600-
kilometer pipeline from its oilfields direct to the refineries,''
said Andrew French, a sales trader at E*Trade Securities in
London.
Read more at Bloomberg Energy News
gas explorer in Asia, rose on speculation the company's India unit
had a pipeline project approved by the government in New Delhi.
``The speculation in the market is that we may soon hear
confirmation that Cairn has finally got approval for the 600-
kilometer pipeline from its oilfields direct to the refineries,''
said Andrew French, a sales trader at E*Trade Securities in
London.
Read more at Bloomberg Energy News
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