Overview
- BPCL and Oil India inked a non-binding pact to explore collaboration on BPCL’s planned Greenfield Refinery and petrochemical complex near Ramayapatnam in Andhra Pradesh.
- The planned refinery is described as a 9–12 MMTPA project with an estimated outlay of about Rs 1 lakh crore, with the possibility of OIL taking a minority equity stake under evaluation.
- BPCL, OIL and NRL signed a tripartite MoU for a 700-km Siliguri–Muzaffarpur–Mughalsarai product pipeline costing roughly Rs 3,500 crore to move MS, HSD and ATF.
- Ownership of the proposed pipeline is outlined as 50% for BPCL with the remaining 50% shared between OIL and NRL, subject to further approvals and detailed planning.
- BPCL also signed an MoU with FACT to supply and trade FOM and LFOM produced from its upcoming MSW-based CBG plant at Brahmapuram near Kochi; the MoUs were announced at the 28th Energy Technology Meet in the presence of MoPNG Secretary Pankaj Jain.