Shares of state-run Indian oil marketing companies (OMCs) extended their losses on Monday, after closing lower on Friday, the day the Union Budget was presented in Parliament.
India’s Bharat Petroleum Corp Ltd has sold a naphtha cargo out of Kochi for the first time this year after cancelling two earlier sales tenders, industry sources said on Monday.
India’s Bharat Petroleum Corp Ltd (BPCL) plans to build a 3m tonne/year petrochemical residual fluidized catalytic cracking plant (PRFCC) at its Mumbai complex in western Maharashtra state by 2022, a company source said on Monday.
The recent award of city gas distribution rights to oil marketing companies such as Indian Oil Corp (IOC) and Bharat Petroleum Corp Ltd (BPCL) will help them diversify and maintain their market shares in the domestic cooking and auto fuel markets over the long term, according to Fitch Ratings.
Indian Bharat Petroleum Corp Ltd is seeking liquefied petroleum gas (LPG) through a term contract and gasoline via a spot deal in a rare move as it looks to plug a supply gap, an industry source who tracks oil products said on Thursday.
State-run Bharat Petroleum Corp. Ltd (BPCL) has hit the international bond market to raise as much as $500 million, said two investment bankers, requesting anonymity. BPCL, India’
Ahead of general elections, public sector oil companies plan to allot about 65,000 petrol pumps across the country to nearly double the existing retail network, officials said Sunday.
Bharat Petroleum Corp Ltd’s profit nearly halved in the second quarter, well below analysts’ expectations, after a unit at its Mumbai refinery was closed by a fire. Profit in Bharat Petroleum’s fiscal second quarter ended Sept.
Indian Oil Corp Ltd (IOCL), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) are set to expand their fuel retail network after a gap of nearly four years.
India’s Bharat Petroleum Corp Ltd will keep a secondary unit at its 120,000 barrels-per-day (bpd) Mumbai refinery offline for at least two months following a fire last week, two industry sources said on Friday.