Bharat Petroleum Signs Crude Import Deals with UAE, Kuwait
Refiner Bharat Petroleum Corp Ltd (BPCL) has signed a deal with ADNOC, national oil company of the United Arab Emirates, to import 60,000 barrels per day (bpd) oil in 2014-15, a company statement said on Friday.
State-run BPCL, along with its subsidiary Bharat Oman Refineries Ltd (BORL), has also signed a deal with Kuwati Petroleum Company to buy 84,000 bpd oil in the fiscal year to March 31, 2015, it said.
BPCL operates a 240,000 bpd Mumbai refinery in West India and a 190,000 bpd Kochi refinery in the South of the country.
It also has majority stakes in the 60,000 bpd Numaligarh refinery in North East.
BORL, majority owned by BPCL, operates a 120,000 bpd Bina refinery in central India.
Oman Oil Company has a minority stake in BORL.
Shares in Bharat Petroleum, on Friday, ended at Rs 551.55 apiece on the BSE, up 6.68 per cent from the previous close.
Copyright @ Thomson Reuters 2014
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
