NRL disinvestment

OIL has said that the Assam government intends to increase its shares in NRL from 15.47 percent to 26 percent in due course of time by acquiring the remaining shares from OIL

OIL said that NRL has earmarked an investment of Rs 90 crore for two oil blocks — Namrup and West Mechaki — where it is partnering with the E&P company as the operator

A consortium of state-run OIL, EIL and the Assam government have completed the acquisition of BPCL’s shares in NRL

The Board of Directors of disinvestment-bound BPCL has approved the sale of its entire shareholding of 61.65 percent in NRL for Rs 9,875 crore

A consortium of OIL and EIL will bid jointly for acquiring Bharat Petroleum Corporation Limited’s (BPCL) 61.65 percent stake in Numaligarh Refinery Ltd (NRL)

Along with NRL disinvestment, BPCL will also buy out Oman Oil Company’s stake in Bina refinery project in the next 10 days, said BPCL Director (Finance) N Vijayagopal