Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
BW Businessworld

Petronas Says Has No Intention Of Buying Stake In India's Bina Oil Refinery

While India remains a key market for Petronas, we have no intention of acquiring any stake in the said refinery, the company said.

Photo Credit :

1486392019_SzcrBd_Jindal_Steel_Power_Reu.jpg

Malaysian state energy firm Petroliam Nasional Bhd (Petronas) said on Monday that it was not interested in acquiring a stake in India’s Bina oil refinery.

“While India remains a key market for Petronas, we have no intention of acquiring any stake in the said refinery,” the company said in a statement.

Citing a source close to the matter, Reuters reported last week that Petronas and a consortium led by Japan’s JXTG Holdings Inc were among companies interested in buying a stake in Bina oil refinery, operated by a 50-50 joint venture between Oman Oil Co and state-run Bharat Petroleum Corp.

(Reuters)


Tags assigned to this article:
petronas oil refinery
sentifi.com

Top themes and market attention on: