OQ to Divest BORL Shares

OQ to Divest BORL Shares
petrochemical refinery

OQ, Oman’s global integrated energy company, entered into discussion with its partner Bharat Petroleum Corporation Limited (BPCL) on the potential selling of its shares in in Bharat Oman Refineries Limited (BORL), according to Oman News Agency.

This came in light of the company’s attempt to rationalize its portfolio to support its core business growth and achieve its 2030 targets.

OQ is a global integrated energy company with roots in Oman and operates in 16 countries where it covers the entire value chain in the hydrocarbon sector from exploration and production, to marketing and distribution of end-user products.


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