The government is getting ready to invite top global oil and gas giants to bid for its stake in Bharat Petroleum Corporation (BPCL). The petroleum ministry is expected to approach multinational companies and their investment bankers after the Union cabinet clears strategic disinvestment of the first set of companies — which includes BPCL.
The research house Macquarie has written a note on the potential bidders for the oil major. In an exclusive interview with CNBC-TV18, Aditya Suresh of Macquarie Capital Securities spoke at length about the disinvestment process and how the assets of BPCL will fit the global energy majors.
“In terms of the cultural aspects that BPCL is going to throw up, it’s going to be a national oil company versus an international oil company,” he observed. Read More
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