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BPCL plans to buy first ever cargo of crude oil from US

10 Jul 2017 Evaluate

Indian refiner Bharat Petroleum Corporation (BPCL) is planning to buy its first ever cargo of crude oil from the United States via tender document.

The company is seeking at least 1 million barrels of crude either for loading on August 16-September 5 or delivery on September 26-October 15. The tender’s part 1 closes on July 11, while part 2 on July 14 and offers will remain valid until July 14.

Bharat Petroleum Corporation (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.

Peers
Company Name CMP
Reliance Industries 1186.10
Indian Oil Corpn. 130.70
Bharat PetroleumCorp 296.50
HPCL 343.10
MRPL 172.60
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