Public sector firms Indian Oil, Bharat Petroleum and Hindustan Petroleum plan to add 4,450 retail outlets across Gujarat in a bid to expand its network and meet growing fuel needs, an official said here Sunday.
Amidst the increasing fuel price hike and growing demand for fuel, public-private companies are gearing up to establish more petrol pumps in India. Indian Oil, Bharat Petroleum and Hindustan Petroleum,
Oil and Natural Gas Organisation (ONGC) and Bharat Petroleum have offered to fund desilting 213 km of irrigation channelsin Papanasam, Kumbakonam and Thirvidai Maruthu taluks in the district under their corporate social responsibility initiatives.
Indian Oil, Bharat Petroleum and Hindustan Petroleum will together lose Rs 4,500 crore in 2018-19 because the government has asked them to subsidise fuel, making investors and company executives nervous as the reversal of the bold reform
Bharat Petroleum (BPCL), the country’s second-largest fuel retailer, was in the news again for an accident that took place in its Kochi refinery on Sunday. One contract personnel died and another one was left injured.
A major fire broke out at Bharat Petroleum plant in Mahul, Chembur on Wednesday afternoon. Even as the fire caused explosions in the plant, fire brigade was deployed to douse off the fire. At least 34 persons have injured in the incident. Eight injured persons have been sent to Sushrut hospital for further treatment.
The world’s largest oil producer Saudi Aramco on Wednesday signed a deal with India to take up 50 per cent stake in the Rs 3 trillion West Coast refinery. The company also offered an interest in foraying into petroleum retail business in India.
India`s Bharat Petroleum Corporation Ltd (BPCL) plans to build a $3 billion petrochemical unit to serve the Mumbai region, a company official said, to profit from the country`s expected surge in demand for petrochemicals as its economy expands.
The government of Mozambique has approved the development plan for a natural gas field in that country where Indian state firms hold minority stake, Oil India said in a statement.
India state refiners expect their profit margins to hold their strength this year as demand growth accelerates for fuel products amid a record $93 billion spent on infrastructure and stable crude oil prices, company executives and analysts said.