(EnergyAsia, September 29) — Oil India Limited (OIL) is considering buying a 25% stake in Hindustan Petroleum Company Limited (HPCL)’s proposed nine-million-tonne/year refinery in Bathinda in Punjab state. The 25% stake will cost Rs15 billion. (US$1=Rs46). The project which includes a 1,011-km crude oil pipeline has been delayed for years by lack of investor…
INDIA: Oil India may buy 25% stake in HPCL’s Bathinda oil refinery
Posted on September 29, 2006 by EnergyAsia