Bharat Petroleum Corp News

This is the first time any Indian refiner has signed an annual contract since the country in 2017 began importing crude oil from the US.

IOC along with Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) took a hit of about Rs 4,500 crore from absorbing Re 1 a litre hike.

Indian shares ended higher on Friday, posting a third straight session of gains, as lacklustre U.S. data helped ease investors` fears over the likelihood of an interest rate hike by the Federal Reserve next week.

New Delhi: State-owned IOC, BPCL and HPCL have struck a temporary deal with Reliance Industries and Essar Oil to resume buying petrol and diesel from private refiners on revised terms.

Oil Minister Dharmendra Pradhan is likely to visit Mozambique next month to press the African nation to quickly ratify a law that will help Indian firms proceed with multi-billion dollar gas project.

Bharat Petroleum Corp Ltd (BPCL) plans to more than double capacity of its Bina refinery in Madhya Pradesh to 15 million tonnes at a cost of about Rs 23,000 crore.

Brazil`s state-run oil company Petroleo Brasileiro SA and its Indian partners have found more light crude oil in the Sergipe Basin off Brazil`s Northeast coast, according to a securities filing on Thursday.

With CAG castigating state-owned fuel retailers for overcharging customers by Rs 26,626 crore over 5 years, Oil Ministry has defended the PSUs saying they had absorbed Rs 28,680 crore in losses on fuel sales during that period.

Bharat Petroleum Corp has decided to buy outright the critical technology to make specialty chemicals and expects to conclude a deal over the next few months, after its efforts to get a technology partner for Rs 5,000-crore petchem project in Kochi did not materialise.