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21

Total To Build Oil Refinery In India

French oil giant Total SA is considering to build an oil refinery in India

French oil giant Total SA is considering to build an oil refinery in India jointly with a local player, the French company said.

"India is a rapidly growing market," Total's senior vice- president for refining and marketing in Asia Gary Jones said.

"Refineries are highly capital intensive and we would prefer a joint venture. It makes sense to participate with a local partner."
He declined to comment on whether the company is in talks with Indian refinery companies for picking up a stake, the report said.