INDIA'S OIL CONSOLIDATION
PLATTS - India is embarking on a plan to create a few integrated state oil firms by consolidating some of the existing ones, which is expected to help the firms absorb the shock of wild price fluctuations and strengthen them to compete in overseas markets, petroleum minister Dharmendra Pradhan said Wednesday.
Hours after India's finance minister Arun Jaitley presented the federal budget for fiscal year 2017-18 (April-March) in parliament, in which he announced the proposal to integrate state oil companies, Pradhan told S&P Global Platts in an interview…
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