Two state oil companies are racing to build oil refineries in India’s northern Rajasthan state. The Rajasthan state government last month approved a 9-million tonnes per year refinery submitted by Hindustan Petroleum Corp Ltd (HPCL) worth Rs 80 billion. (US$1=Rs44). The Board of Infrastructure Development and Investment Promotion (BIDI), chaired by Chief Minister Vasundhara Raje, cleared…

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