Bharat Petroleum Corp (BPCL), India’s second-largest public sector refinery, has bought two cargoes of West African crude oil from Exxon Mobil for loading in February. The refinery major has bought a 950,000 barrel cargo of Qua Iboe and a 950,000 barrel cargo of Yoho.
The company had bought one million barrels each of Erha and Qua Iboe crude from Vitol in the last tender, for loading in the first half of January.
Recently, BPCL was planning to invest about Rs 20,000 crore for setting up a petrochemical plant and expansion of the Kochi refinery over the next five years. The company was aiming to expand Kochi refinery from 9.5 million million tonne per year to 15 million tonne a year.
