India is considering merging its leading state-owned oil companies to create an integrated oil major that would be able to match the might of international oil and gas companies.
India has more than a dozen public sector oil companies that are thought to have a combined market capitalisation of more than $100 billion.
Finance Minister Arun Jaitley said that the government is proposing “to create an integrated public sector oil major which will be able to match the performance of international and domestic private sector oil and gas companies”.
Jaitley
