Inspectioneering
News

Indian Refiner BPCL Prepared to Integrate with GAIL, Oil India

Reuters, December 20, 2017
Reuters

India state refiner Bharat Petroleum Corp. has written to the oil ministry for integration with GAIL (India) Ltd and Oil India Ltd as option 1 and 2, said oil minister Dharmendra Pradhan on Wednesday. The government has not taken any decision in this regard, Pradhan told lawmakers in a written reply.

India wants to build bigger oil companies to better compete with global oil giants and withstand oil price volatility through integration of state-run oil firms. The government has already approved the sale of its 51.1 percent stake in refiner Hindustan Petroleum Corp. to oil producer Oil and Natural Gas Corp.

(Reporting by Nidhi Verma)

Click here to read the full article from Reuters.

Copyright 2019 Thomson Reuters. Click for restrictions.

Comments and Discussion

There are no comments yet.

Add a Comment

Please log in or register to participate in comments and discussions.


Inspectioneering Journal

Explore over 20 years of articles written by our team of subject matter experts.

Company Directory

Find relevant products, services, and technologies.

Job Postings

Discover job opportunities that match your skillset.

Case Studies

Learn from the experience of others in the industry.

Event Calendar

Find upcoming conferences, training sessions, online events, and more.

Industry News

Stay up-to-date with the latest inspection and asset integrity management news.

Blog

Read short articles and insights authored by industry experts.

Acronyms

Commonly used asset integrity management and inspection acronyms.

Asset Intelligence Reports

Download brief primers on various asset integrity management topics.

Videos

Watch educational and informative videos directly related to your profession.

Expert Interviews

Inspectioneering's archive of interviews with industry subject matter experts.