Indian Oil Corp. and Bharat Petroleum Corp. have delayed routine maintenance at some of their units to ensure adequate supplies in the world’s third-largest oil consumer, according to a senior government official.
Trucks loaded with gas cylinders at the Bharat Petroleum Corp. oil refinery in Mumbai. Photographer: Abeer Khan/Bloomberg
Bharat Petroleum Corp. Ltd. will start operating a Singapore office in the quarter beginning April, according to people familiar with the matter, with an initial focus on procuring crude oil in the trading hub.
Signage at a Bharat Petroleum Corp. oil refinery in Mumbai. Photographer: Abeer Khan/Bloomberg
India’s Bharat Petroleum Corp. will open a trading office in Singapore next month, as the state-owned refiner seeks to become more flexible in its feedstock procurement process and reduce costs to boost processing margins, Chairman Sanjay Khanna said on Thursday.
Storage tanks at a Bharat Petroleum Corp. oil refinery in Mumbai. Photographer: Abeer Khan/Bloomberg
Indian state-owned refiner Bharat Petroleum Corp. is seeking to lock in long-term Middle East crude purchases, in the latest sign that the world’s third-largest oil importer is edging back toward traditional suppliers and away from a heavy reliance on cheap Russian cargoes.