{"id":363740,"date":"2020-07-20T12:04:07","date_gmt":"2020-07-20T06:34:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=363740"},"modified":"2020-07-20T12:45:36","modified_gmt":"2020-07-20T07:15:36","slug":"china-aversion-ups-interest-in-bpcl","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/china-aversion-ups-interest-in-bpcl\/","title":{"rendered":"China aversion ups interest in BPCL"},"content":{"rendered":"<p>The privatisation of BPCL is expected to benefit from the growing forebodings among oil multinationals about investment in China in the wake of its failings to disclose the coronavirus pandemic.<\/p>\n<p>Besides, the fuel market in the country \u2014 India is the world\u2019s third largest consumer \u2014 is a big attraction that should ensure aggressive bidding for the refiner, analysts said.<\/p>\n<p>According to official sources, Saudi Aramco, Abu Dhabi National Oil Co (Adnoc), Rosneft of Russia, Exxon Mobil and RIL are likely to battle for the government\u2019s 52.98 per cent stake in the PSU.<\/p>\n<p>The oil industry analysts said the multinationals  are sceptical of entering China given the fact the US and other countries are coming together to counter Beijing\u2019s growing threat to global trade, security and human rights, particularly after the pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The privatisation of BPCL is expected to benefit from the growing forebodings among oil multinationals about investment in China in the wake of its failings to disclose the coronavirus pandemic. Besides, the fuel market in the country \u2014 India is the world\u2019s third largest consumer \u2014 is a big attraction that should ensure aggressive bidding for the refiner, analysts said. According to official sources, Saudi Aramco, Abu Dhabi National Oil Co (Adnoc), Rosneft of Russia, Exxon Mobil and RIL are likely to battle for the government\u2019s 52.98 per cent stake in the PSU. The oil industry analysts said the multinationals [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,215,148],"tags":[],"class_list":["post-363740","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363740","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=363740"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363740\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=363740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=363740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=363740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}