Saudi Aramco is set to buy BPCL government stake

In a highly profit generating venture, Saudi Aramco is set to buy stakes of Bharat Petroleum Co. Ltd. Experts allege, this will give the oil company an opportunity to enter into one of the world’s largest oil retail markets.

According to reports, the Indian government is planning to sell its 53.29 percent stake in BPCL to an investor through a large privatization bid in India’s history. The deal is estimated to produce 1.....