India’s Bharat Petroleum targets 30% expansion for Bina refinery by 2018
7/14/2015 12:00:00 AM
India-based Bharat Petroleum (BPCL) plans to expand its Bina oil refinery in central India by 30% to 156,000 bpd, chairman S. Varadarajan told news agency Reuters on Monday.
The expansion will cost about $472 million, according to the Reuters report.
The expansion of the refinery, operated by a joint venture of BPCL and state-owned Oman Oil Co. in the state Madhya Pradesh, will be completed by 2018, the chairman said.
Oman Oil, which has a minority stake in the venture, is not currently slated to participate in the 30-billion-rupees expansion, Varadarajan said.
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