Thursday, October 29, 2015

BPCL in talks to sell 24% stake in Bina refinery

Bharat Petroleum Corp is in talks with foreign companies to sell a 24 per cent stake in its 120,000 barrels per day Bina refinery in Madhya Pradesh, its chairman told Reuters on Thursday.

The refinery is a joint venture with Oman's state oil firm. The company wants to boost the capacity of the refinery by about 30 per cent, BPCL Chairman S. Varadarajan said.

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