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This is an archive article published on August 13, 2005

Global firms eye equity in Bhatinda

Global oil major BP, French oil giant Total, Malaysia’s Petronas and Saudi Aramco are eyeing equity in HPCL’s Rs 12,000 crore Bhat...

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Global oil major BP, French oil giant Total, Malaysia’s Petronas and Saudi Aramco are eyeing equity in HPCL’s Rs 12,000 crore Bhatinda refinery.

HPCL CMD M.B. Lal said, ‘‘We are looking for partners and have talked to some multinationals.’’ HPCL and the foreign partner will hold 26 per cent stake each in Guru Gobind Singh Refineries Ltd.

Mani Shankar Aiyar, who was here for the relaunch of the project, said MNCs are being roped in to assist HPCL to complete the refinery before 2009.

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