OEF Rapid Review Articles
Global oil majors BP and Rosneft are eyeing a piece of India’s $117 billion retail market for fossil fuels, threatening to shake up government-owned companies that have faced little competition for a decade. BP has already secured licenses to open as many as 3,500 fuel stations, and Rosneft has gained access to about 2,700 pumps through its acquisition of Essar Oil. Along with Reliance Industries and Shell, these players will compete with the three state-owned enterprises that control 90 percent of market volume.
LINK TO THE SOURCE ARTICLE:
Strong Future For Transportation Fuels In Fast-Growing India
LINK TO THE SOURCE ARTICLE:
Strong Future For Transportation Fuels In Fast-Growing India