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A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;

Bharat Petroleum acquires OQ s stake in BORL refinery - Chemical Engineering

By Mary Page Bailey | April 2, 2021 Bharat Petroleum Corporation Limited (BPCL; Mumbai, India) signed a Sales Purchase Agreement with integrated energy company OQ (Muscat, Oman) for the purchase of BPCL’s entire stake in Bharat Oman Refineries Company Ltd, (BORL), a 7.8 million ton/yr petroleum refinery located at Bina in Madhya Pradesh, India. Bharat Oman Refineries Limited was incorporated in 1994 as a Public Limited Company with equal equity participation of Bharat Petroleum Corporation Limited and OQ (formerly known as OOC). Since March 2020, BPCL has been holding 63.4% and OQ 36.6% equity in the company. The Government of Madhya Pradesh has a minor stake in the Company through compulsorily convertible warrants.

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