Malaysian oiler launches legal action

THE simmering spat between the owners of Malaysian-based oiler Hibiscus Petroleum and its partially owned Lime Petroleum has intensified, with Hibiscus lodging a claim for $US35 million ($A46 million) for financial losses it says were inflicted when Lime's other owners shut it out of a restructuring plan for the Norwegian entity.

Malaysian oiler launches legal action
Malaysian oiler launches legal action
Malaysian oiler launches legal action
Malaysian oiler launches legal action
Malaysian oiler launches legal action

Hibiscus, which recently walked away from a plan to take over now-collapsed Western Australian oiler Hydra Energy and which owns the undeveloped West Seahorse field in Victoria's Gippsland Basin, told

loader