‘RIL eyes 50% stake in Kenya refinery’
Reliance Industries Ltd is looking to buy a 50 per cent stake in Kenya’s sole refinery, half owned by Shell, BP Plc and Chevron.The Kenyan government owns the remaining half of Kenya Petroleum Refineries and the newspaper, quoting industry sources, did not specify whose holding Reliance was eyeing.
A successful acquisition will allow Reliance, India’s biggest private sector company with a market value of over $67 billion, to source petroleum products for selling to European and American markets, the paper said.
