(Bloomberg) -- India’s plan to sell a majority stake in the country’s second-biggest state refiner has slowed down amid the coronavirus pandemic and other government initiatives such as the initial public offering of the nation’s biggest insurer, according to people familiar with the matter.The discussions with investors on the stake sale of Bharat Petroleum Corp., from which the government could fetch about $7 billion, haven’t progressed much recently, the people said. The disposal may only tak
India's state-run Bharat Petroleum Corp could annually take up to 2 million tonnes of Iranian oil if the OPEC member offers concessions to make its crude oil attractive compared to rival grades, a company official said on Thursday. BPCL was annually taking 2 million tonne of Iranian crude oil on average when Tehran was not under U.S. sanctions. Vijayagopal, however, said purchases of Iranian oil depends its pricing compared to the similar rival grades.
India's Bharat Petroleum Corp is seeking two liquefied natural gas (LNG) cargoes for delivery in March, three industry sources said on Monday. The refiner is seeking one of the cargoes for delivery into Dahej on March 14 and the other for delivery into Kochi on March 18-19, one of them said.