INTEGRATED INDIAN OIL
PLATTS - India's ambitious move to allow state-owned Oil and Natural Gas Corp to take a majority stake in state-owned Hindustan Petroleum Corp Ltd will create the country's first integrated state-owned oil major, giving the combined entity an edge when competing in international markets.
With ONGC firming up plans to aggressively push oil and gas production at home, analysts said that the move made sense as it would help the combined entity to have a better grip across the entire value chain -- from exploration…
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