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New fuel retail policy: Licensees have to set up minimum 100 petrol pumps, 5% of it in remote areas
•India's new liberalised petrol pump norms require licensees to set up a minimum of 100 outlets with at least 5 percent of them in remote areas
Govt gives go-ahead to biggest privatisation drive; to sell stake in BPCL, SCI, Concor to help bridge a widening fiscal gap
•In the biggest privatisation drive-ever, the Union Cabinet on Wednesday approved sale of government's stake in blue-chip oil firm BPCL, shipping firm SCI and onland cargo mover Concor
BPCL stake sale: Indian Oil likely to bid for govt's share in absence of global players
Fp Staff •The government has 53.3 percent stake in the BPCL which the bidders may buy either on their own or through a consortium.
BPCL privatisation: Saudi Aramco, Rosneft, ExxonMobil among global energy companies likely to bid for govt's stake in state-run oil firm
Fp Staff •Privatisation of BPCL will not just shake up the fuel retailing sector long dominated by state-owned firms but also help meet at least a third of the government's Rs 1.05 lakh crore disinvestment target.
French energy giant Total to buy 37% stake in Adani Gas; shares jump 18% after announcement of acquisition
Fp Staff •Total will buy up to 25.2 percent in Adani Gas from public shareholders at Rs 149.63 per share, representing an 8.7% premium to the stock’s last close
Total SA in talks with multiple Indian firms for stake in LNG terminals, city gas projects, says CEO Patrick Pouyanne
•Total Chairman and CEO Patrick Pouyanne said the French company is "very interested" in investing in downstream sectors in India.
Total SA CEO's plane crash: Driver of snowplow was drunk, say officials
Fp Archives •The head of French oil giant Total SA was killed at a Moscow airport when his corporate jet collided with a snowplow whose driver was drunk, Russian investigators said.