Indian group bids for African refinery

Vol 3, PW 22 (24 Nov 99) News in Brief
     

Petroleum India International (PII) is one of five consortia to be pre-selected by the West African state of Cote dIvoire in a tender to acquire a 37% stake in a local refinery.

The other four consortia to bid for the stake in Societe Ivoirienne de Raffinage (SIR) are Total and Shell in association with Octide Finance; Engen of South Africa, in association with Addax; Nigeria's Consolidated Oil, in associated with Chevron and Petrostar; and Saudi-Swedish group Coral. Petroleum India International (http://www.petroleumindia.com/), with offices in Mumbai, is a consortium of Bharat Petroleum, Bongaigaon Refineries, Cochin Refineries, Engineers India, Hindustan Petroleum, Indo-Burmah Petroleum, Indian Oil Corporation, Indian Petrochemicals, Madras Refineries and ONGC.