(EnergyAsia, September 25, Tuesday) — India’s privately owned Reliance Industries has acquired a majority stake in east African fuel retailer Gulf Africa Petroleum Corporation (GAPCO) for an undisclosed sum. Analysts applaud the move as a first step by Reliance to break into the retail markets in the US and Europe.GAPCO, headquartered in Mauritius, has 250…
INDIA: Reliance buys into African fuel retailer GAPCO
Posted on September 24, 2007 by EnergyAsia