Masirah Oil Ltd (MOL), which has signed an Exploration & Production Sharing Agreement (EPSA) with the Omani government for Block 50 offshore Oman's east coast, has announced that its key shareholder Rex Oman Ltd, has increased its stake in MOL from approximately 61.76 per cent to 72.03 per cent. Rex Oman is an indirect wholly-owned subsidiary of Rex International Holding Limited, a Singapore-listed oil and gas company. (Oman Observer)
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