Advertisement
YOU ARE HERE: LAT HomeCollections

California and the West | IN BRIEF / ENERGY

Chevron to Buy Stake in Indian Refinery

April 13, 2006|From Reuters

Chevron Corp. said it had agreed to spend $300 million to buy a 5% stake in a refinery being built in India, seeking to build the San Ramon, Calif.-based company's position in the fast-growing Indian market.

The refinery, being developed in the town of Jamnagar by a unit of India's Reliance Industries Ltd., will have the capacity to refine 580,000 barrels of crude oil a day. The refinery is to begin operations in 2008.

Advertisement
Los Angeles Times Articles
|
|
|