BPCL To Expand Bina Oil Refinery By 30 Per Cent

<p>Bharat Petroleum Corp Ltd plans to expand its Bina oil refinery in Madhya Pradesh by 30 per cent to 156,000 barrels per day at a cost of about $472 million, its chairman S. Varadarajan told Reuters on Monday (13 July).<br><br>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.<br><br>Oman Oil, which has a minority stake in the venture, is not participating in the Rs 30 billion expansion as of now, Varadarajan said.<br><br>(Reuters)</p>