Reuters | India looks at creating oil giant to take on global rivals Reuters "We propose to create an integrated public sector oil major which will be able to match the performance of international and domestic private sector oil and gas companies," Jaitley said in his budget speech. India has about a dozen state-run oil and ... It's a big deal: Govt moots merger of oil PSUs to create global behemoth Government Looks At Creating Oil Giant To Take On Global Rivals India plans to create oil giant by merging state-run companies |