The Chevron Angle

Newspapers are agog with speculation about why oil giant Chevron, which had a 5% stake in Reliance Petroleum (RPL), decided not to hike it to 29%. In fact, one newspaper even went on to say that “the decision to go ahead with the merger appears to have been accelerated after US oil giant Chevron decided not to hike its 5% stake in RPL to 29%. This happened after RPL and Chevron failed to sign...

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