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It owns and operates Bina Refinery, located at Bina in the Sagar of the state of Madhya Pradesh in India. The company was incorporated as a joint venture between Bharat Petroleum Corporation (BPCL) and Oman Oil Company Ltd (now OQ). Since 2021, it is a wholly owned subsidiary of BPCL. The Bina Refinery was commissioned in 11 May 2011 with an ...
The Final Settlement Price for a Contract Month shall be the OSP settlement price on the last Trading Day of the Contract Month. This price represents the weighted average price of trades in the nearby Contract Month between 16:15 and 16:30 (Singapore). The Final Settlement Price will be used for purposes of margins for delivery of the Oil.
In 2003, Oman Oil Marketing Company (Oman Oil) was founded. [4] Oman Trading International, a trading division, was established in 2006. [4] Oman Refineries and Petrochemicals Co. was created in 2007 with the merger of Oman Refinery Company and Sohar Refinery Company. [4] In 2009, Oman Oil Company Exploration & Production was founded. [4]
Gasoline prices have seen sharp increases amid recent refinery constraints and higher oil prices.. The national average at the pump sat at $3.35 per gallon on Monday, up $0.09 from a week ago, but ...
This refinery started as Bharat Oman Refinery Limited (BORL), a joint venture between Bharat Petroleum and OQ company. Incorporated in 1994, BORL also has single point mooring (SPM) system, crude oil terminal (COT) and a 937 km (582 mi) long cross-country crude oil pipeline from Vadinar, Gujarat to Bina, Madhya Pradesh.
Bina Refinery is an oil refinery located at Bina in the Sagar district of Madhya Pradesh, India. It is owned and operated by Bharat Oman Refinery Limited, a wholly owned subsidiary of Bharat Petroleum Corporation Limited. [1] As of 2013, the capacity of the refinery was 6 million metric tonnes per annum or 43,978,597.06 barrels per annum. [2]
The Indian basket of Crude Oil represents a derived basket comprising Sour grade (Oman and Dubai average) and Sweet grade (Brent Dated) of Crude oil processed in Indian refineries. During the year 2018-19, the ratio is 75.50 : 24.50 (Dubai : Brent respectively) [2] and during the year 2017-2018, the ratio was 74.77 : 25.23 (Dubai : Brent).
Governor Gavin Newsom said Thursday he will compel California oil refineries to stockpile additional fuel reserves in an effort to ward off price spikes, marking the latest move in his multi-year ...