India's BPCL to invest USD4b in Oman's BORL
(MENAFN) India's Petroleum Corporation Limited (BPCL) aims to invest about USD4 billion for expanding Bharat Oman Oil Refineries (BORL), Oman Observer reported.
Oman Oil Company (OOC), energy and strategic investment entity which is owned entirely by Omani government, has a share of 26 percent of BORL.
An additional investment of USD283.8-315.3 thousand is predicted to be made in the next level of the expansion, intended to increase the capacity to 15 million tones within the next 5-6 years.
OOC is considered as a joint enterprise that includes BPCL, with a 49 percent share, and a number of Indian financial institutions with total 25 percent.
Oman Oil Company (OOC), energy and strategic investment entity which is owned entirely by Omani government, has a share of 26 percent of BORL.
An additional investment of USD283.8-315.3 thousand is predicted to be made in the next level of the expansion, intended to increase the capacity to 15 million tones within the next 5-6 years.
OOC is considered as a joint enterprise that includes BPCL, with a 49 percent share, and a number of Indian financial institutions with total 25 percent.
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