Middle East Economic Survey
VOL. LII
No 47
23-Nov-2009
oman
OOC Takes 26% Stake In Bharat Refining Joint Venture
Oman Oil Company (OOC) signed an agreement on 15 November to increase its equity stake in a joint venture with Indias Bharat Petroleum Corporation Ltd (BPCL) to 26%, up from a previous 2%. The project, Bharat Oman Refineries Ltd (BORL), is currently setting up a 6mn tons/year refinery at Bina, Madhya Pradesh. The project is progressing at a fast pace and 92% of the work has been already...
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