Profit

HPCL eyes BP's retail outlets

PUBLISHED ON: December 2, 2008 | Duration: 1 min, 30 sec

  
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HPCL is looking to pickup a 49 per cent stake in British Petroleum's retail operations in the Pacific Ocean area-specifically countries such as Fiji, Vanuatu, Tuvalu, Cook Islands and Tonga. HPCL is in talks with local investors to form a consortium that will start off by looking at retail outlets and then move on to aviation fuel and lubricants.
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