NEW DELHI: Rosneft is interested in bidding for Bharat Petroleum (BPCL) when the government puts it on the block, head of Russia\u2019s largest oil producer Igor Sechin informed oil minister Dharmendra Pradhan, ahead of signing a crude supply contract with IndianOil \u2014 the first term contract for Russian oil by an Indian refiner.
\nSources said Sechin first met Pradhan over breakfast on Thursday and followed it up with delegation-level talks to discuss proposed investments by Indian oil companies in Russia\u2019s Far East and prospects for Rosneft in India.
\nIt was during the course of these talks that Sechin outlined Rosneft\u2019s interest in bidding for BPCL \u2014 India\u2019s second-largest public sector oil company.
\nThe government on November 20 had decided to privatise BPCL by selling the government\u2019s entire 52.98% along with management control. Rosneft\u2019s interest in BPCL will boost the government\u2019s efforts to bring foreign investment. Oil ministry officials maintain that Saudi Aramco and ADNOC of UAE have already shown their interest in BPCL.<\/p>\n","protected":false},"excerpt":{"rendered":"
NEW DELHI: Rosneft is interested in bidding for Bharat Petroleum (BPCL) when the government puts it on the block, head of Russia\u2019s largest oil producer Igor Sechin informed oil minister Dharmendra Pradhan, ahead of signing a crude supply contract with IndianOil \u2014 the first term contract for Russian oil by an Indian refiner. Sources said Sechin first met Pradhan over breakfast on Thursday and followed it up with delegation-level talks to discuss proposed investments by Indian oil companies in Russia\u2019s Far East and prospects for Rosneft in India. It was during the course of these talks that Sechin outlined Rosneft\u2019s […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-336336","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/336336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=336336"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/336336\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=336336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=336336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=336336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}