Oil Majors Interested In Buying India’s Third-Largest Refiner BPCL

Large oil companies from the Middle East and Russia are interested in joining the bids of U.S. investment funds for buying the majority stake in India’s third-biggest oil refiner, Bharat Petroleum Corporation Limited (BPCL), from the government, the Press Trust of India reported on Thursday, citing industry sources. The Indian government is looking to sell its entire 53-percent stake in BPCL in what could be the biggest privatization deal in the country. Russia’s largest oil producer, state-controlled Rosneft, as well as some of the…