ECONOMY

Cyprus-based Mercuria seeks tie-up with private equity firms

Cyprus-based Mercuria Energy Group Ltd is looking to tie up with private equity firms to buy oil and gas production amid weak crude prices, said chief executive officer Marco Dunand.

Mercuria could spend as much as $1 billion on majority or minority stakes and will study projects in places including the US, Argentina and Nigeria, he said in an interview on Wednesday.

[Bloomberg]