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BPCL also acquired a 36.62% stake in Bharat Oman Refineries (BORL) or Bina refinery situated at Bina in Madhya Pradesh, India from OQ company, for ₹2,400 crore. BPCL has been holding 63.4 per cent and OQ 36.6 per cent equity in the company. The Government of Madhya Pradesh has a minor stake in the company through compulsorily convertible ...
The Party's Over: Oil, War, and the Fate of Industrial Societies, New Society Press ISBN 0-86571-482-7; Matthew R. Simmons. Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy, Wiley (June 10, 2005), ISBN 0-471-73876-X; David MacKay. Sustainable Energy - without the hot air, UIT Cambridge (May 2009), ISBN 9780954452933
The company has acquired a 40 percent stake in an ultra-deepwater hydrocarbon block in Brazil for USD 1.6 billion after seeking approval from the Union Cabinet On July 27, 2022. The block is expected to start production by 2026-27. Brazil's national oil company Petrobras owns and operates it with a 60 percent interest. [6]
The company expects to retire $3.7 billion of debt through 2026, which will reduce interest expenses by $180 million. Meanwhile, the company's midstream business has several high-cost contracts ...
The analysts estimate marginal revenues from associated gas per barrel of oil produced in the Permian have dropped to less than $2 per barrel in the first quarter of 2024, down from almost $20 per ...
The special efforts and corporate strategies put in place by Jain, after joining on 31.12.2005, yielded the much awaited turnaround of the Company. BPCL achieved a net profit of ₹1.84 crores during Financial Year 2005-06 after accounting for interest amounting to ₹135 million as against a loss of ₹108.6 million during previous year 2004-05.
However, the maximum total withdrawal capability from the SPR is only 4.4 million barrels per day (700,000 m 3 /d), so it would take about 79 days to use the entire inventory. At recent market prices ($58 a barrel as of March 2021), [ 6 ] the SPR holds over $14.6 billion in sweet crude and approximately $18.3 billion in sour crude (assuming a ...
60 acres of assets, which are located in Nixon, Wilson County, Texas primarily include a 15,000 bbl/d (2,400 m 3 /d) [3] crude distillation tower and more than 1.0 million barrels of petroleum storage tanks (collectively the “Nixon Facility”). Pipeline transportation and oil and gas operations are no longer active. [4] [5]