(a) whether the American Petroleum Giant Saudi Aramco has offered to pick up stake in Vishakhapatnam refinery of HPCL;
(b) if so, the details thereof; and
(c) the extent to which the Indian Company likely to be benefited?
(a) whether the American Petroleum Giant Saudi Aramco has offered to pick up stake in Vishakhapatnam refinery of HPCL;
(b) if so, the details thereof; and
(c) the extent to which the Indian Company likely to be benefited?
MINISTER OF PETROLEUM & NATURAL GAS AND PANCHAYATI RAJ (SHRI MANI SHANKAR AIYAR)
(a) Hindustan Petroleum Corporation Limited is in discussions with M/s Saudi Aramco but has not as yet received any formal proposal from them for acquiring a stake in its Vishakhapatnam Refinery.
(b) & (c) Do not arise in view of (a) above.