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India Refiners Boom Amid Oil Bust as Investors Eye Risks

2014-12-29 01:28:52| Oil & Gas - Topix.net

Oil's slump has almost doubled the value of India 's big, state-owned refiners, outpacing the rest of the industry from China to the U.S. The companies had been forced to make a large proportion of sales at below cost for over a decade. Now, they can profit from fuels after India's new government saw its opportunity in falling oil prices to deregulate the market without bothering its inflation targets.

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