{"id":585209,"date":"2023-06-19T09:25:08","date_gmt":"2023-06-19T03:55:08","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=585209"},"modified":"2023-06-19T09:47:15","modified_gmt":"2023-06-19T04:17:15","slug":"bharat-petroleum-exercises-rofr-to-buy-videocon-oils-brazil-assets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bharat-petroleum-exercises-rofr-to-buy-videocon-oils-brazil-assets\/","title":{"rendered":"Bharat Petroleum exercises RoFR to buy Videocon Oil&#8217;s Brazil assets"},"content":{"rendered":"<p>Government-owned Bharat Petroleum Corporation (BPCL) has exercised the Right of First Refusal (RoFR) in a bid to take control of bankrupt Videocon Oil Ventures\u2019 (VOVL\u2019s) Brazilian assets. <\/p>\n<p>BPCL\u2019s overseas arm BPRL Ventures BV and VOVL\u2019s Videocon Energy Brazil had acquired oil blocks in the South American nation as joint venture partners but they could not develop them due to ongoing bankruptcy proceedings against Videocon Industries and its subsidiaries. <\/p>\n<p>A source close to the development said lenders have received BPCL\u2019s offer after they decided to sell three of the JV\u2019s assets to Brazilian gas operators Eneva S A and PetroRio last month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Government-owned Bharat Petroleum Corporation (BPCL) has exercised the Right of First Refusal (RoFR) in a bid to take control of bankrupt Videocon Oil Ventures\u2019 (VOVL\u2019s) Brazilian assets. BPCL\u2019s overseas arm BPRL Ventures BV and VOVL\u2019s Videocon Energy Brazil had acquired oil blocks in the South American nation as joint venture partners but they could not develop them due to ongoing bankruptcy proceedings against Videocon Industries and its subsidiaries. A source close to the development said lenders have received BPCL\u2019s offer after they decided to sell three of the JV\u2019s assets to Brazilian gas operators Eneva S A and PetroRio last [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-585209","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/585209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=585209"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/585209\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=585209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=585209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=585209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}