India could see more integration among state oil companies, its oil minister said on Monday, following top producer ONGCBSE 3.28 %’s $5.8 billion deal last week to buy a majority stake in refiner Hindustan Petroleum Corp Ltd.
India wants to build bigger oil companies to better compete with global energy giants and withstand oil price volatility through integration of state-run oil firms. Read More…
India Sees Scope For More Integration Among State Energy Companies added by The Economic Times on
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