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BP, Rosneft eyeing India's US$117b oil retail market

Friday, November 4, 2016 - 05:50

Mumbai

GLOBAL oil majors BP plc and Rosneft PJSC are eyeing a piece of India's US$117 billion retail market for fossil fuels, threatening to shake up government-owned companies that have faced little competition for a decade.

BP has already secured licences to open as many as 3,500

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