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

February 2019

Client(s) 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.

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