Daily Archives: June 9, 2020

BPCL stake sale to attract oil majors looking to head out of China

A top executive at a PSU Refiner (under Public Offering) said that the thriving negative outlook on China could mean India getting good investments from Oil Majors preparing to head out of China. Bharat Petroleum Corporation Limited’s Finance Director N. Vijayagopal said, “The choices of investing in the oil sector will be limited when the…

SC agrees to hear plea by Oil ministry against recovery of $499 mn by Vedanta

The Supreme Court on Monday agreed to hear the petition seeking stay on Delhi High court order allowing the enforcement of the arbitrations award allowing Vedanta Ltd. and Videocon Industries Ltd. to recover $499 million instead of $198 million capped by the government for development of Ravva oil and gas fields in the state of…

Oman Oil not to raise stake in BPCL’s Bina refinery

MUMBAI: Oman Oil Company will not increase its stake in the Bharat Oman Refineries Ltd (BORL), a joint venture between state-run Bharat Petroleum Corporation Ltd (BPCL) and the Oman company, according to two officials from BORL. “Oman has not shown interest and thus we converted our warrants into shares. This has increased our stake in…