Indian Oil likely to join hands with ENI, KMG to bid for Turkish refinery contract
23 Aug 2007
Indian Oil has already has a 51:49 joint venture with Turkey''s Calik Holding for setting up the export-oriented refinery at Ceyhan.
Sarthak
Behuria,Chairman, Indian Oil, told reporters in New Delhi
today, ''''For the proposed refinery worth Rs20,000 crore,
KazMunayGas (KMG) of Kazakhstan and Italy''s ENI might
be roped in as new equity partners,''''
The
project has received the provisional approval from the
Energy Market Regulatory Authority of Turkey in May this
year.
