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India s Bharat Petroleum buys OQ s entire in Bina refinery

Sign up here for GlobalData s free bi-weekly Covid-19 report on the latest information your industry needs to know. India’s Bharat Petroleum (BPCL) has reportedly acquired a 36.62% stake in Bina refinery situated at Bina in Madhya Pradesh, India from OQ (formerly known as Oman Oil Company), for INR24bn ($327.1m). A sales purchase agreement has been signed by BPCL with OQ whereby the Indian firm will acquire OQ’s entire stake in Bharat Oman Refineries, which operates the 7.8 million tonnes per annum capacity oil refinery at Bina in Madhya Pradesh. BPCL had a 63.4% holding in BORL while OQ owned a 36.6% interest.

Bharat Petroleum signs SPA for acquisition of 36 62% stake in Bharat Oman Refineries

Bharat Petroleum Corporation announced that a share purchase agreement has been signed on 31 March 2021 between BPCL, Bharat Oman Refineries (BORL) and OQ S. A. O. C ( OQ formerly known as Oman Oil Company S. A. O. C) for BPCL s acquisition of 888,613,336 (36.62%) of equity shares in BORL from OQ for a consideration of Rs 2,399.26 crore. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with c

REFINERY NEWS ROUNDUP: Run rates on the rise in Asia-Pacific | Hellenic Shipping News Worldwide

REFINERY NEWS ROUNDUP: Run rates on the rise in Asia-Pacific | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

BPCL offloads entire 61 5% stake in Numaligarh Refinery for Rs 9,876 crore

BPCL offloads entire 61 5% stake in Numaligarh Refinery for Rs 9,876 crore
origin-businesstoday.intoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from origin-businesstoday.intoday.in Daily Mail and Mail on Sunday newspapers.

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