Bharat Petroleum Corporation completes acquisition of 36.62% stake in Bharat Oman Refineries

Bharat Petroleum Corporation (BPCL) has effected the payment of Rs 2399.26 crore to OQ S.A.O.C ("OQ" formerly known as Oman Oil Company S.A.O.C.) for the acquisition of 888,613,336 (36.62%) equity shares in Bharat Oman Refineries (BORL) on 30 June 2021 and the said shares have been transferred to BPCL. With this, BORL has become a wholly owned subsidiary of BPCL.

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