BPCL Current Affairs - 2020

India Russia sign first ever Term Contract to import crude oil to India

On February 5, 2020, the Minister of Petroleum and Natural Gas Shri Dharmendra Pradhan and the Chairman of Rosneft (Russia’s largest oil producing company) signed the first ever term contract. According to the contract India will import 2 million metric tonnes of Urals grade crude oil. Highlights The agreement was signed between IOCL and Rosneft. Read More…

GoI misses its disinvestment target

Government of India misses its disinvestment target as the plan to sell Bharat Petroleum Corporation Limited (BPCL), Air India and Container Corporation of India has not been succeeded. Highlights The Government had planned to sell 53.3% of BPCL, 31% of Concorp as per latest market prices. The Government had set the Disinvestment target of Rs Read More…

BPCL’s LPG bottling plant inaugurated in Odisha

The Bharat Petroleum Corporation Limited (BPCL) has set up the new state-of-the-art LPG Bottling Plant at Village Barkani in Bolangir district of Odisha. The LPG bottling plant with an annual capacity of filling 42 lakh cylinders has been developed by state-run BPCL. About BPCL’s LPG Bottling Plant The LPG bottling plant has been established at Read More…

MoU for sale of FASTag

A memorandum of understanding (MoU) has been signed between Indian Highways Management Company Limited (IMHCL) and leading Oil Marketing Companies (OMCs) like BPCL, HPCL and IOCL for sale of FASTags through their petrol pumps. FASTag FASTag is an electronic toll collection system operated by the National Highway Authority of India (NHAI). FASTag enables automatic deduction of toll charges and Read More…

D Rajkumar appointed as CMD of BPCL

Technocrat D Rajkumar was appointed as the new Chairman and Managing Director (CMD) of Bharat Petroleum Corporation Ltd (BPCL). He will succeed BPCL’s current chief S Varadarajan who is retiring on September 2016.He has been appointed to the post for five-year term. Presently, D Rajkumar is working as Managing Director of Bharat Petro Resources Ltd, Read More…