Bharat PetroResources Ltd Current Affairs, GK & News

IOC-BPRL acquires oil block in Abu Dhabi

March 26, 2019

The consortium of State-owned Indian Oil Corporation (IOC) and Bharat PetroResources Ltd (BPRL), Urja Bharat Pte Ltd has acquired an oil block in Abu Dhabi, where the two will invest USD 170 million. About the Acquisition Urja Bharat Pte Ltd has been awarded 100 per cent stake in the Abu Dhabi Onshore Block 1 Concession. Both IOC and BPRL hold 50 per cent each in Urja Bharat ..

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