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State-owned OIL India alongwith Assam government is planning to acquire BPCL's 61% stakes in Numaligarh Refinery. This will retain the public sector character of the Assam-based entity. "OIL best fits the bill to take over NRL because of the synergy arising from their operations largely being located in the Northeast and its existing investment in NRL", said an official source.
On Sunday, Numaligarh Refinery Limited (NRL) of Assam got its first consignment of imported Miri Crude Oil from PETRONAS, Malaysia. This is the first occasions when NRL has imported crude oil to be processed in the refinery. MD of NRL stated, "This landmark development would assist us in enhancing Refinery throughput and as our distillate yield is high, this will increase our margins".