BPCL to expand Bina oil refinery by 30%: chairman

Oman Oil to not participate in the Rs 3,000 crore expansion as of now

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)