Friday, Apr 19, 2024 | Last Update : 07:43 AM IST
Malaysia's Petronas says has no intention of buying stake in India's Bina oil refinery
While India remains a key market for Petronas, we have no intention of acquiring any stake in the said refinery, the company said.
Kuala Lumpur: Malaysian state energy firm Petroliam Nasional Bhd (Petronas) said on Monday that it was not interested in acquiring a stake in India’s Bina oil refinery.
“While India remains a key market for Petronas, we have no intention of acquiring any stake in the said refinery,” the company said in a statement.
Citing a source close to the matter, Reuters reported last week that Petronas and a consortium led by Japan’s JXTG Holdings Inc were among companies interested in buying a stake in Bina oil refinery, operated by a 50-50 joint venture between Oman Oil Co and state-run Bharat Petroleum Corp.
