Jan
10
Biggest Indian Refiner Hunts Oil Assets as Demand Surges at Home
By-
Company wants 10% of refining capacity fed by own oil assets
-
Indian Oil eyeing oil assets in Africa, Middle-East, head says
India’s biggest fuel retailer is seeking to buy oil assets as demand surges in the world’s fastest growing energy market.
State-run Indian Oil Corp. wants to buy assets globally to ensure a tenth of its refining capacity is fed by crude that is either from its own oil field or from assets where it has a stake, Chairman B. Ashok said in an interview on Monday. That goal will require the company to boost oil production 10-fold to about 210,000 barrels a day in the next eight years…
Biggest Indian Refiner Hunts Oil Assets as Demand Surges at Home
