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India key market but no interest in buying stake in Bina refinery: Petronas

Last week, Petronas and a consortium led by Japan's JXTG Holdings Inc were among companies interested in buying a stake in Bina oil refinery

Reuters  |  Kuala Lumpur 

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Malaysian state energy firm Petroliam Nasional Bhd (Petronas) said on Monday that it was not interested in acquiring a stake in India's Bina

"While India remains a key market for Petronas, we have no intention of acquiring any stake in the said refinery," the company said in a statement.

Citing a source close to the matter, Reuters reported last week that and a consortium led by Japan's JXTG Holdings Inc were among interested in buying a stake in Bina oil refinery, operated by a 50-50 joint venture between Oman Oil Co and state-run Bharat Petroleum Corp.

First Published: Mon, August 05 2019. 10:29 IST
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