refineries, up from a previous cap of 26% on foreign direct investment (FDI). At a Cabinet meeting chaired by Prime Minister Manmohan Singh, the Indian government last month decided to raise the cap to encourage more foreign interest in the country’s oil refining sector. As an example, Kuwait Petroleum is interested to jointly invest…
INDIA: Foreign stake in oil refining firms raised to 49%
Posted on February 20, 2008 by EnergyAsia