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BPCL’s JV plans to double capacity at Vadinar COT

26 Jun 2014 Evaluate

In order to augment expansion plans, Bharat Oman Refineries (BORL), a joint venture between Bharat Petroleum Corporation (BPCL) and Oman Oil Company, is planning to double storage capacity at its crude oil terminal (COT) near Vadinar in Jamnagar in the state of Gujarat. At present, the crude oil is stored in 8 tanks each of 60,000 cubic meter capacity at the COT from where it is pumped across to Bina, through the cross-country pipeline.

The company is planning to added 8 additional storage tanks of 60,000 cubic meter capacity to overcome future storage difficulties. In the process it also hopes to cut down on demurrage cost.

BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.

BPCL Share Price

312.05 4.05 (1.31%)
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