Bharat Petroleum(BPCL): A Leading Oil and Gas Company in India

Bharat Petroleum(BPCL): A Leading Oil and Gas Company in India

Bharat Petroleum Corporation Limited (BPCL) is one of the largest public sector undertakings in India, engaged in the business of refining, marketing, and distributing petroleum products. BPCL also has interests in exploration and production of oil and gas, renewable energy, and proficiency testing. In this blog post, we will provide an overview of BPCL’s history, operations, achievements, and future plans.

History of BPCL

BPCL traces its origins to the Rangoon Oil and Exploration Company, which was set up in 1889 to explore the oil fields of Assam and Burma (now Myanmar). In 1928, it merged with the Burmah Oil Company, a British firm that had a monopoly over the oil resources of India. The Burmah Oil Company formed a joint venture with the Asiatic Petroleum Company (India), a subsidiary of Royal Dutch Shell, to create the Burmah-Shell Oil Storage and Distributing Company of India Limited. This company imported and marketed kerosene, diesel, petrol, and liquefied petroleum gas (LPG) in India.

In 1951, Burmah-Shell started constructing a refinery in Trombay (Mahul, Maharashtra) under an agreement with the Government of India. The refinery was commissioned in 1955 and had an initial capacity of 2.2 million metric tonnes per annum (MMTPA). It was later expanded to 12 MMTPA. Burmah-Shell also established a network of fuel stations, depots, terminals, aviation service stations, and LPG bottling plants across the country.

In 1976, following the nationalization of foreign oil companies in India, Burmah-Shell was taken over by the Government of India and renamed as Bharat Refineries Limited. In 1977, it was renamed again as Bharat Petroleum Corporation Limited (BPCL). Since then, BPCL has grown into a diversified energy company with operations in refining, marketing, exploration and production, natural gas, renewable energy, and proficiency testing.

Operations of BPCL

BPCL operates three refineries in India: Mumbai Refinery (12 MMTPA), Kochi Refinery (15.5 MMTPA), and Bina Refinery (7.8 MMTPA). The refineries produce a range of petroleum products such as petrol, diesel, kerosene, LPG, naphtha, aviation turbine fuel (ATF), bitumen, lubricants, petrochemicals, and specialty products. BPCL also has stakes in two joint venture refineries: Numaligarh Refinery Limited (3 MMTPA) in Assam and Bharat Oman Refineries Limited (6 MMTPA) in Madhya Pradesh.

BPCL is the second-largest marketer of petroleum products in India with a market share of about 22%. It has a network of over 18,000 fuel stations, 6,300 LPG distributors, 1,400 SKO/LDO dealers, 118 aviation service stations.

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