Indian Oil likely to join hands with ENI, KMG to bid for Turkish refinery contract

New Delhi: Public sector oil marketing giant, Indian Oil Corporation today said that it may invite ENI of Italy and Kazakhstan''s KazMunayGas (KMG) as new equity partners for its proposed 15-million tonne refinery in Turkey''s port city of Ceyhan.

Indian Oil has already has a 51:49 joint venture with Turkey''s Calik Holding for setting up the export-oriented refinery at Ceyhan.

Sarthak Behuria,Chairman, Indian Oil, told reporters in New Delhi today, ''''For the proposed refinery worth Rs20,000 crore, KazMunayGas (KMG) of Kazakhstan and Italy''s ENI might be roped in as new equity partners,''''

The project has received the provisional approval from the Energy Market Regulatory Authority of Turkey in May this year.