Bharat Petroleum Corp (BPCL) is planning to expand its Bina oil refinery in Madhya Pradesh by 30 percent to 156,000 barrels per day at a cost of about $472 million. The expansion of the refinery, operated by a joint venture of BPCL and state-owned Oman Oil Company in Madhya Pradesh, will be completed by 2018. Oman Oil, which has a minority stake in the venture, is not participating in the expansion as of now.
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.