Bharat Petroleum Corporation (BPCL) is planning to acquire additional 36.62% equity share in Bharat Oman Refineries (BORL) from OQ S.A.O.C (formerly known as Oman Oil Company). The company already owns the majority 63.38% stake in BORL.
BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.