(INFRALINE) — India’s ministry of petroleum and natural gas has proposed offloading 15 to 20% of the government equity in Indian Oil Corporation (IOC) instead of selling the company in parts. The Cabinet had earlier discussed a proposal to split IOC into separate refining and marketing companies. It was also proposed that the new marketing…
INDIA: Petroleum ministry plans to offload 15-20% stake in IOC
Posted on October 8, 2003 by EnergyAsia