Oman firm likely to exit Bina refinery as BPCL gears up for divestment.

With state-run Bharat Petroleum Corporation (BPCL) gearing up for divestment, its joint venture in Madhya Pradesh, Bharat Oman Refineries (BORL), may see the exit of overseas partner OQ, the national petroleum investment company of Oman, which may give up its stake to BPCL. BPCL holds 63.38 per cent in BORL. OQ was previously known as the Oman Oil Company (OOC).

BS