Rosneft, Aramco unlikely to bid for India’s BPCL stake -sources

NEW DELHI/MOSCOW: Rosneft and Saudi Aramco are unlikely to bid in the privatisation of Indian refiner Bharat Petroleum Corp, sources familiar with the matter said, as low oil prices and weak demand curb their investment plans. Russia’s Rosneft had expressed an interest in buying the federal government’s 53.29% stake in …

Read moreRosneft, Aramco unlikely to bid for India’s BPCL stake -sources

Saudi Aramco is committed to $44-bn Ratnagiri refinery-cum-petrochemicals complex: Project CEO

NEW DELHI: Saudi Aramco remains engaged with the proposed $44-billion refinery-cum-petrochemicals complex in Maharashtra, the project’s CEO said amid speculation that the oil crash may tempt Saudis to dump the venture for a stake in BPCL or Reliance Industries’ refinery. “This project is not competing with any other Indian project …

Read moreSaudi Aramco is committed to $44-bn Ratnagiri refinery-cum-petrochemicals complex: Project CEO