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Malaysian logo Petronas in the image Reuters.
MUMBAI (Reuters) – Malaysia's Petronas and a consortium led by Japan's JTG Holdings are among the companies wanting to buy a stake in India's Pina oil refinery, a well-informed source said.
Bharat Oman is the Bina refinery in central India with a capacity of 156,000 b / d of crude oil. Oman Spices is a joint venture between Oman Petroleum and Bharat Petroleum Corp.
"A new group of companies has been in contact with Bharat Petroleum about a stake in the Bina Refinery," said the source, who requested anonymity.
Bharat Petroleum plans to double the capacity of the refinery over the next five years and build a petrochemical complex that could require an investment of Rs 500 billion ($ 7.24 billion), the source said.
Bharat Petroleum did not respond to the request for comment. Petronas and DGTG were not available for comment.
Prepared by Mahmoud Salama for publication in Arabic
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