(EnergyAsia, June 20, Wednesday) — India’s petroleum ministry has recommended that foreign direct investment (FDI) in government-owned refineries be raised from the current 26% ceiling to 49%.The restriction on foreign equity in joint venture refineries does not apply to private refineries where 100% FDI is allowed.The move came after UK-owned Mittal Investments was allowed to…
INDIA: Cap on foreign stake in state refiners raised to 49%
Posted on June 19, 2007 by EnergyAsia