State-owned Indian Oil Corp (IOC) has bid for a stake in Vietnam’s Binh Son Refining and Petrochemical Company as it looks at the southeastern nation to expand business beyond Indian shores.
IOC is among at least four companies that have evinced interest in becoming strategic partner in Binh Son Refining and Petrochemical Company (BSR) by taking 49%, official sources said. Indonesian state-owned oil firm Pertamina, Vietnam’s biggest petrol dealer Petrolimex and Thailand’s Bangchak Corporation Public Company Ltd. are the other firms which have put in an expression of interest.
