New Delhi: At least half a dozen national and international oil giants, including
Reliance and Royal Dutch Shell, on March 17 joined the race for acquiring
government's 34 per cent stake in Hindustan Petroleum Corporation Ltd (HPCL).
Today was the last date for submission of Expression of Interest (EoI) for HPCL,
which the Disinvestment Ministry had sought a month ago soon after it decided to
disinvest stake in two oil Public Sector Undertakings (PSU)s-- HPCL and BPCL (Bharat
Petroleum Corp Ltd).
Although the Disinvestment Ministry remained tight-lipped about the response, sources
said a consortium of Essar Group companies besides international Oil giant Saudi
Aramco also filed in their EoIs.
Others who have thrown their hat in the HPCL disinvestment ring include ChevronTexco
of US and Petronas of Malayasia.
Kuwait Petroleum is also believed to be in the race but there was no confirmation
till this evening as to whether it has submitted an EoI. Likewise, it could not be
ascertained if Sun Group of Russia had submitted its EoI.
PTI