Bharat Petroleum Corporation (BPCL), India’s second-largest public sector refinery, has bought 3 million barrels of Nigerian crude via tender to load in month of February and March. The refiner major bought one million barrels of Forcados from Vitol for February and two million barrels of Qua Iboe from ExxonMobil.
The company in the last tender had bought 2 million barrels of Yoho and Qua Iboe crude from ExxonMobil to load in the first half of February.
Recently, BPCL was likely to raise around Rs 2,000 crore through local and foreign loans in 2012-13 fiscal year. The refinery major also expects its capital expenditure for the financial year beginning March to be at Rs 4,250 crore up from Rs 3,500 crore this fiscal.
