Should India proceed with a merger of 13 state-held oil companies, the Indian giant would be able to compete with the likes of Rosneft and BP on terms of size. Photo by AzmanMD/Shutterstock India’s government is considering launching talks to merge 13 state-held oil companies into one giant conglomerate that could rival some of the industry’s global giants, India’s Economic Times reported Monday. India’s Cabinet Secretariat has tabled the idea to the oil ministry which has started assessing the prospects of a mega-merger, the ET said, citing sources, adding that the oil ministry had declined to comment on the report. The country’s biggest oil producer, Oil and Natural Gas Corp., as well as Indian Oil Corp., Bharat Petroleum Corp., Hindustan Petroleum, GAIL, Mangalore Refinery and Petrochemicals, Chennai Petroleum, Numaligarh Refinery and Oil India are said to be subject of the merger idea, according to ET. The government is also […]