Cases & Deals

Westpac Banking Corporation and State Bank of India provide US$1.7 billion financing to Indian Oil Corporation

Clients Westpac Banking Corporation and State Bank of India

Jones Day represented Westpac Banking Corporation and State Bank of India in connection with a US$1.7 billion financing provided to Indian Oil Corporation Ltd. Indian Oil is a state owned oil and gas company and the largest commercial oil company in India with revenue of over US$4.2 trillion for 2018. It is ranked 1st in Fortune India 500 (2018). Indian Oil’s business includes refining, pipeline transportation, exploration, and production of crude oil, natural gas, and petrochemicals.