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Clifford Chance advises OQ on its entry into an agreement to sell its entire stake in Bharat Oman Refineries Ltd
5 April 2021
Clifford Chance advises OQ on its entry into an agreement to sell its entire stake in Bharat Oman Refineries Ltd
Clifford Chance has advised OQ (the national petroleum investment company of Oman) on its entry into an agreement to sell its entire 36.62% stake in Bharat Oman Refineries Ltd (BORL) to its partner Bharat Petroleum Corporation Ltd (BPCL).
BORL owns and operates the Bina Refinery, located in the central Indian state of Madhya Pradesh, which has a capacity of 7.8 million tonnes per annum.