The government is seeking the appropriate model for combining India’s state-run oil companies and hasn’t decided on any plan, Dharmendra Pradhan said in New Delhi on Monday. “I am open to a discussion on merging oil companies,” Pradhan said. Mumbai/New Delhi: India is open to discussing a merger of some of its state-run oil producers and refiners to create a larger, stronger national firm, according to the country’s oil minister. The Press Trust of India reported Sunday that the government is deliberating on the issue of merging the companies, citing Pradhan. Its upstream production is dominated by Oil and Natural Gas Corp., which operates independently of its biggest refiner, Indian Oil Corp.

Source: Mint August 02, 2016 14:03 UTC