An official announcement was expected in a couple of days, a senior official told Business Standard.
Oil India will buy out the 12.34 per cent stake held by the Oil Industry Development Board and a 1.31 per cent stake held by Bharat Petroleum Corporation Ltd (BPCL), which holds 61.65 per cent in Numaligarh Refinery.
The decision was taken at a recent meeting of the petroleum ministry despite the prime minister
