Rosneft, Aramco unlikely to bid for Indian refiner BPCL due to weak oil demand

Rosneft, Aramco unlikely to bid for Indian refiner BPCL due to weak oil demand

BPCL. Photo: Mint

Oil majors Rosneft and Saudi Aramco are unlikely to bid in the privatisation of Indian refiner Bharat Petroleum Corp, sources familiar with the matter said, as low oil prices and weak fuel demand curb their investment plans.

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