Oman Lifted to BB by Fitch

Oman Lifted to BB by Fitch

Oman has been upgraded by Fitch from BB- to BB, with a stable outlook. This was prompted by a significant improvement in the Middle Eastern sovereign’s fiscal position, mainly due to a huge jump in oil and gas revenues. It posted a budget surplus of OMR 784mn ($2bn)...
BPCL to Spend ~$18bn on Petchem, Gas business

BPCL to Spend ~$18bn on Petchem, Gas business

India’s state-owned refiner BPCL has planned a capex outlay of around INR 1.4tn (~$18bn) in the next five years for future expansion in sectors such as petrochemicals, gas, renewables, consumer retailing, E-mobility, and upstream, as mentioned in its recently released...
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