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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 is engaged in the refining and marketing of petroleum products and is recognized as Maharatna as well as a Fortune Global 500 company. [2] BPRL is the upstream oil and gas exploration and production arm of BPCL with both Indian and worldwide exploration projects. [3] [4]
Bharat Petroleum Corporation Limited (BPCL) acquired the Government of India's shares in KRL in March 2001. Consequent to the merger Order dated 18 August 2006 issued by Ministry of Company Affairs, the refinery has been amalgamated with Bharat Petroleum Corporation, henceforth to be known as BPCL-Kochi Refinery.
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).
After discovery of oil in the Assam state of India in late 1880s, the first oil refinery was set up at Digboi. Digboi Refinery was commissioned in 1901. [1] Following is a list of oil refineries in India, per the Petroleum Planning and Analysis Cell of the Ministry of Petroleum and Natural Gas, Government of India, [2] arranged in decreasing order of their capacity.
It is a joint venture company promoted by the Gas Authority of India Limited (GAIL), Oil and Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOC) and Bharat Petroleum Corporation Limited (BPCL). [3]
Bharat Oman Refineries Limited (BORL) was incorporated in 1994 as a public limited company with equal equity participation of Bharat Petroleum and Oman Oil Company Ltd (now OQ). [2] [3] Work on the refinery at Bina however began only in 2006. [4]
The Ministry of Petroleum and Natural Gas (MOP&NG) is a ministry of the Government of India responsible for the exploration, production, refining, distribution, marketing, import, export, and conservation of petroleum, natural gas, petroleum products, and liquefied natural gas in the country.