Lubricants maker Tide Water Oil Co. said it can consider the possibility of forming a joint-venture with Japan’s JX Nippon Oil and Energy Corporation-keen to expand its business in India.
Tide Water already has a technical collaboration with JX Nippon, Japan’s top oil refiner. “Nippon has shown intent to expand their business in India and we are actively discussing the matter with them,” Andrew Yule chairman Kallol Dutta said. Dutta said joint-venture route is one of the possible structures that the two companies could look for.
From / Gulf Today