 "BPCL to expand Bina oil refinery by 30%: chairman")
Bharat Petroleum Corp Ltd plans to expand its Bina oil refinery in Madhya Pradesh by 30% to 156,000 barrels per day at a cost of about $472 million, its chairman S Varadarajan told Reuters on Monday.
The expansion of the refinery, operated by a joint venture of BPCL and state-owned Oman Oil Co in Madhya Pradesh, will be completed by 2018, he said.
Oman Oil, which has a minority stake in the venture, is not participating in the Rs 3,000 crore expansion as of now, Varadarajan said.
($1 = 63.4800 rupees)
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