 |
 |
|
The Economist Intelligence Unit Ltd (2005)Management > Asian Management > Lectures > Independent Research > The Economist Intelligence Unit Ltd > Fiscal > Oil
OilBP has formed an alliance with Hindustan Petrol Corp Ltd (HPCL), India’s second largest refinery, to build a refiner at Bhatinda. BP’s entry would make it the largest foreign oil investor in India. The move is set to pave the way for more entrants, which have usually avoided one of Asia’s fastest growing fuel markets due to high regulation. Reliance Industries announced plans to spend US$5.5bn to double the capacity of its oil refinery, making it the world’s largest. The automotive demand is growing 25% annually, making India attractive in oil retailing for global players
|
|
