(PTI)
Oil Ministry may block any attempt by state-owned GAIL, IOC, ONGCand BPCL to buy 10 per cent stake of France’s GDF International in Petronet LNG Ltd as it is keen to keep the liquefied natural gas importer a private limited company. GDF, a unit of French energy giant Engie SA, has written to sell its entire stake in Petronet to the company’s principal promoters — gas utility GAIL India Ltd, explorer Oil and Natural Gas Corp (ONGC) and refiners Indian Oil Corp (IOC) and Bharat Petroleum Corp Ltd (BPCL). At present, the four companies hold 49.99 per cent stake of Petronet.
