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Kuwait Petroleum eyes stake in Indian refinery, offers crude supply: Sources

2014-09-04 16:03:16| Oil & Gas - Topix.net

India imports about 80 pct of its oil needs and plays a growing role as a regional refining hub. Reuters Kuwait Petroleum Corp aims to pick up a significant stake in Indian Oil Corp's Paradip refinery and supply about 60 percent of the oil needs of the plant, set to start up later this year, three sources with knowledge of the matter said.

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