IOC Middle East and RR Holdings sign JV

IOC Middle East FZE, Dubai, a wholly-owned subsidiary of IndianOil Corporation, India’s largest refiner and marketer of petroleum products, and RR Holdings Ltd, Ras Al Khaimah, UAE, the holding company of Beximco LPG of Bangladesh, have signed an agreement for the formation of a 50:50 Joint Venture Company (JVC) for LPG business in Bangladesh. Dharmedra Pradhan,…

Indian Oil buys 50% stakes in Beximco LPG

The Indian Oil Corporation (IOC), commonly known as IndianOil, will acquire 50 percent stakes in Bangladesh’s Beximco LPG at an undisclosed figure. RR Holdings Ltd, a UAE-based firm that owns Beximco LPG of Bangladesh and IOC Middle East, a wholly-owned subsidiary of Indian Oil Corporation, signed an agreement on Tuesday to form a joint venture…