Bharat Petroleum Corporation Ltd (BPCL) is hoping to take the Bina refinery public next fiscal year. The 6 million tpy plant has been making a cash profit and operating at 106% capacity with a gross refining margin of US$ 9.1/bbl.
BPCl has also said that it is going to shut some secondary units at three of its refineries for maintenance at the beginning of November. The Kochi refinery, Mumbai refinery and Numaligarh refinery will all be worked on.
Petron Engineering Construction Ltd has received an Advice of Contract from BPCL. The contract is for a heater package for VGO-HDT units for the expansion project of the Kochi refinery. The contract is worth Rs 55 crores.
The engineering, procurement and construction contract for the expansion project at the Sohar refinery is soon to be awarded. International firms bid on the contract and it is thought that six in total put forward financial offers. South Korean firms are reported to be dominating those that bid for the work.
It has been reported that there is a major business sector in eastern Syria in home crude oil refining. Syrian villages along the Iraqi boarder are homes to these amateur refineries. It has also been reported that the products from these facilities are being sold and regulated by Islamic Militias.
Dubai and China Sonangol International have signed an agreement to build a refinery. A Memorandum of Understanding has been signed by the Chairman of the Dubai Supreme Council of Energy, the President of Dubai Civil Aviation Authority and the Chairman of the China Sonangol Group.
Edited from various sources by Claira Lloyd.
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