Bharat Petroleum Corporation (BPCL) has purchased Libyan and Nigerian crude oil via tender for the second half of April. It has purchased 600,000 barrels of Libyan Es Sider crude or Sarir from Japanese trader Itochu and 950,000 barrels of Nigerian Antan from a Geneva-based trading house.
The company has posted a jump of about 17-fold in its net profit to Rs 3139.60 crore for the quarter ended December 31, 2011 as compared to Rs 187.38 crore for the same quarter in the previous year. Total income has increased by 60.19% to Rs 59,263.39 crore for quarter under review as compared to Rs 36,996.22 crore for the quarter ended December 31, 2010.
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.
