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Middlemen supplying Russian oil are not offering cargoes due to new U.S. sanctions targeting Russian producers, tankers and insurers, according to the finance chief at Indian refiner Bharat Petroleum.
Bharat Petroleum Corporation Limited (BPCL) is an Indian public sector oil and gas company, headquartered in Mumbai. It is India's second-largest government-owned downstream oil producer, whose operations are overseen by the Ministry of Petroleum and Natural Gas. It operates three refineries in Bina, Kochi and Mumbai. [4]
Formerly known as Cochin Refineries Limited and later renamed as Kochi Refineries Limited, it was acquired by Bharat Petroleum Corporation Limited in the year 2006. [3] The refinery is situated at Ambalamugal , around 12 km (7.5 mi) east of the city centre.
With an annual crude processing capacity of 1,240,000 barrels (197,000 m 3) per stream day, RPL is the largest refinery in the world.It will have a complexity of 21.0, using the Nelson Complexity Index, ranking it one of the highest in the sector.
The refinery commenced operation in January 1955 under the ownership of Burmah-Shell Refineries Ltd. [1] Following the Government's acquisition of the Burmah-Shell, name of the Refinery was changed to Bharat Refineries Limited on 1976. In August 1977, the company was given its permanent name, viz. Bharat Petroleum Corporation Limited (BPCL).
BPRL also holds a stake in the special purpose vehicle (SPV), Urja Bharat Pte Limited, which bid for the Abu Dhabi exploration block. [ 7 ] The company reported a consolidated income of Rs 181 crore and a loss of Rs 96 crore for the financial year (FY) 2018-19, as opposed to a consolidated income of Rs 216 crore and a loss of Rs 68.72 crore in ...
Bharat Gas Resources Limited (BGRL) is a wholly-owned subsidiary of Bharat Petroleum Corporation Limited (BPCL), India's second-largest oil marketing company [1] led by the Ministry of Petroleum and Natural Gas, Government of India. [2] [3] It was amalgamated with the parent with effect from 16 August 2022. The Corporate Affairs Ministry issued ...
India had 60,799 petrol stations as of November 2017. 26,849 of these belonged to Indian Oil (IOCL), 14,675 to Bharat Petroleum (BPCL) and 14,161 to Hindustan Petroleum (HP). [70] The Punjab state of India has approximately 3,300 petrol stations, and the state of Haryana alone has more than 2,500.