State-run Bharat Petroleum Corp will import 1 million barrels of Iranian oil in February after a gap of three months, with the nation’s overall purchases from Tehran remaining at 9 million barrels, three industry sources said.
Shares in India’s top three oil marketing companies surged on Wednesday, as investors cheered the slump in global crude oil prices that bode well for the profitability of Indian refiners.
India’s state-run Bharat Petroleum Corp (BPCL) will shut the crude distillation unit and the secondary units at its Kochi oil refinery that were installed last year for maintenance starting in December, a company official said on Tuesday.
India`s state-run Bharat Petroleum Corp will skip purchase of Iranian oil in October due to turnaround at its plants, a source privy to the plan said on Tuesday. The refiner will, however
India on Friday banned the import of petcoke for use as fuel, but said shipments for use as feedstock in some industries was allowed.
Bharat Petroleum Corp (BPCL), the nation’s second-largest fuel retailer, today posted a 45 per cent jump in net profit for the quarter ended March 2018 at Rs 2,674 crore on a standalone basis as compared to Rs 1,842 crore reported for the same quarter previous fiscal.
A Rs 4 per litre increase in petrol and diesel prices is in the offing if state-owned fuel retailers are to return to pre-Karnataka poll hiatus margin levels, brokerage firms said.
Indian oil firms are in talks with state-run Abu Dhabi National Oil Co (Adnoc) to acquire a stake in its ADMA-OPCO offshore oil concession when it comes up in 2018, Indian officials said on Friday.
State-run Bharat Petroleum Corp has bought 1 million barrels of low sulphur WTI Midland grade, the first purchase of the U.S. grade by an Indian company, through a tender, an industry source with knowledge of the deal said.
Bharat Petroleum Corp has made its first purchase of U.S. oil, buying high sulphur crudes Mars and Poseidon in a tender, its head of refineries Ramachandran said.