Carlyle Group commits up to $500 million to Magna Energy with focus on oil and gas opportunities across South Asia

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.

The Carlyle Group has announced that it is committing an equity line up to $500 million in Magna Energy. Magna is targeting the building of acreage positions in the Indian Subcontinent, with the objective of creating a full-cycle oil & gas company through acquisitions and local licensing rounds.