INDIA WANTS REFINERY
EFFECT OF CLOSURE AT ABADAN (Rec. 8 p.m.) NEW DELHI. Aug. 30. India has proposed to two American and one British oil company that they should build an oil refinery in India, which would be guaranteed immune from nationalisation for at least 30 years. The companies are Caltex, Standard Vacuum and Burma-Shell. The proposed refinery would have an annual capacity of 2,000,000 tons. A similar proposal was made in 1948, but was turned down by the companies because of the heavy cost. India has now repeated the suggestion as a result of the closing down of the Abadan refinery and the companies are considering it. Under the present proposal the companies would have full control over both capital and management.
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Press, Volume LXXXVII, Issue 26515, 1 September 1951, Page 7
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123INDIA WANTS REFINERY Press, Volume LXXXVII, Issue 26515, 1 September 1951, Page 7
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