- BPCL Acquires OQ s full stake in Bharat euro-petrole.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euro-petrole.com Daily Mail and Mail on Sunday newspapers.
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.
Privatisation-bound BPCL acquires OQ s stake in Bina refinery business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
BPCL acquires OQ s full stake in Bharat Oman Refineries Limited freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.