(EnergyAsia, August 22) — State-owned refiner Indian Oil Corporation (IOC) has dropped its interest in three Nigerian refineries and is focusing on acquiring Turkey’s national refiner Tupras, said Indian petroleum minister Mani Shankar Aiyar. “On a fresh assessment of the risks involved in the proposal, such as the uncertain pricing environment, the unclear regulatory framework…
INDIA: IOC no longer interested in Nigerian refineries, eyeing Turkish company
Posted on August 22, 2005 by EnergyAsia