KPC is talks to acquire 26% stake in Indian refinery | KPC is talks to acquire 26% stake in Indian refinery -
Paradip-refinery

KPC is talks to acquire 26% stake in Indian refinery

: Tuesday, March 11 - 2014 @ 01:40

Kuwait Petroleum Corp (KPC) is in talks with Indian Oil Corp (IOC) for taking a stake in the state-owned firm’s Paradip refinery and a proposed petrochemical complex, PTI has reported. IOC, which will start commissioning the 15 million tonnes a year refinery at Paradip in Odisha in June, is willing to offer no more than 26% stake in the project. “We are discussing details of their participation, whether they are interested in taking a stake in the refinery or in the petrochemical project or both is what we are discussing now,” a senior IOC official said. “A team from Kuwait is expected to visit Paradip in coming weeks,” the official said.

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Tuesday, March 11- 2014 @ 1:40 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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