Indias state-owned refiner, Hindustan Petroleum Corp Ltd (HPCL), is looking to invest around US$1...
It is also looking to set up over 750 petrol stations around the country by the end of the year.
In a statement HPCL said, “[We have] earmarked investment of Rs 5 billion (US$113.4 million) to acquire oil fields through our subsidiary Prize Petroleum.
“Prize Petroleum, in which HPCL holds a 50% stake, has already acquired an oil block in Cambay basin in the fourth round of bidding under the New Exploration Licensing Policy.”
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