News
06 April 2021

BPCL acquires Oman Oil's stake in Bharat Oman Refineries

In:
Oil & gas
Region:
Asia-Pacific

Bharat Petroleum Corporation Limited (BPCL) will acquire a 36.6% stake from its partner OQ, the national oil company of Oman, in the Bharat Oman Refineries Ltd (BORL) for ₹24 billion.Since March 2020, BPCL has been holding 63.4% and OQ 36.6% equity in the company. The Government of Madhya Pradesh...

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