India’s Bharat Petroleum Corporation Ltd. (BPCL) has obtained government clearance to increase its investment in Bharat Oman Refineries Ltd. (BORL) up to a maximum of Rs30 billion ($450 million), a report said.
This will fur
Foreign companies are in talks to buy a stake of up to 24 percent in the Bina refinery in India's Madhya Pradesh state which is jointly owned by Bharat Petroleum Corp (BPCL) and Oman's state oil firm, BPCL's chairman told Reute
India's Bharat Petroleum has turned to Saudi Arabia, the world's top oil exporter, for higher supplies in 2012/13, fearing global sanctions may jeopardise trade with Iran, industry sources said on Wednesday.
Saudi Arabia is the biggest oi
India's Bharat Oman Refineries will soon file for an initial public offer to raise up to Rs25 billion ($635 million), three banking sources involved in the deal said.
Bharat Oman Refineries is an equal joint venture between state-run Bhara