$5bn

A trio of state-run Indian oil companies has bid USD 5 billion for stakes in Canadian oil sands holdings owned by ConocoPhillips , two sources said, as the world's No. 4 oil importer continues to search for supplies to power its near USD 2 trillion economy. The bid from the group, which...

New Delhi: The government is toying with an idea of setting up a refinery in Rajasthan to process crude oil found by Cairn, a proposal that may result in a three-year delay in starting production and cause a loss of nearly $5 billion (over Rs 20,000 crore) to the exchequer. Cairn India was set...