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{{Infobox company | {{Infobox company | ||
| name = Bharat | | name = Bharat petroleum corporation Limited | ||
| logo = | | logo = | ||
| logo_size = | | logo_size = | ||
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| image_caption = | | image_caption = | ||
| trade_name = | | trade_name = | ||
| native_name = | | native_name = <!-- No native name as per [[WP:NOINDICSCRIPTS]] --> | ||
| type = [[government of India]] | |||
| type = [[ | |||
| traded_as = | | traded_as = | ||
| ISIN = | | ISIN = | ||
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| equity = | | equity = | ||
| equity_year = <!-- Year of equity data (if known) --> | | equity_year = <!-- Year of equity data (if known) --> | ||
| owner = [[Bharat Petroleum]], [[Ministry of Petroleum and Natural Gas]], [[Government of India]] | |||
| num_employees = | | num_employees = | ||
| num_employees_year = <!-- Year of num_employees data (if known) --> | | num_employees_year = <!-- Year of num_employees data (if known) --> | ||
| parent = | | parent = | ||
| divisions = | | divisions = | ||
| website = {{URL|https://www.borl.in/}} | | website = {{URL|https://www.borl.in/}} | ||
| footnotes = | | footnotes = | ||
}} | }} | ||
'''Bharat Oman Refineries Limited (BORL | '''Bharat Oman Refineries Limited''' ('''BORL''') which is under the [[ownership]] of [[Ministry of Petroleum and Natural Gas]] of the [[government of India]]. It owns and operates [[Bina Refinery]], located at [[Bina Etawa|Bina]] in the [[Sagar, Madhya Pradesh|Sagar]] of the state of [[Madhya Pradesh]] in India. The company was incorporated as a joint venture between [[Bharat Petroleum Corporation]] (BPCL) and Oman Oil Company Ltd (now [[OQ (company)|OQ]]). Since 2021, it is a wholly owned subsidiary of BPCL. The Bina Refinery was commissioned in 11 May 2011 with an annual capacity of 6 million [[tonne]]s. The capacity of the refinery was further enhanced to 7.8 million tonnes per year in 2018. | ||
== History == | == History == | ||
Bharat Oman Refineries Limited (BORL) was incorporated in 1994 as a public limited company with equal equity participation of [[Bharat Petroleum]] and Oman Oil Company Ltd (now [[OQ (company)|OQ]]).<ref name="BS1">{{cite web| | Bharat Oman Refineries Limited (BORL) was incorporated in 1994 as a public limited company with equal equity participation of [[Bharat Petroleum]] and Oman Oil Company Ltd (now [[OQ (company)|OQ]]).<ref name="BS1">{{cite web|agency=Press Trust of India|date=31 March 2021|title=Privatisation-bound BPCL acquires OQ's stake in Bina refinery|url=https://www.business-standard.com/article/companies/privatisation-bound-bpcl-acquires-oq-s-stake-in-bina-refinery-121033101018_1.html|access-date=5 April 2021|website=Business Standard India}}</ref><ref name="thehindubusinessline">{{cite news|title=How BPCL drafted the Bina refinery script|url=http://www.thehindubusinessline.com/companies/article2035294.ece|accessdate=20 December 2012|newspaper=The Hindu Businessline}}</ref> Work on the refinery at Bina however began only in 2006.<ref>{{cite news|title=Work begins at Bina refinery|url=http://www.businessstandard.com/india/news/work-begins-at-bina-refinery/241752/|accessdate=20 December 2012|newspaper=Business Standard|date=10 May 2006}}</ref> The project faced significant delays on account of environmental clearances and poor infrastructure and suffered from severe cost overruns that saw its cost of establishment increasing from a budgeted {{INR}}6,300 crore to {{INR}}91 billion.<ref>{{cite news|title=BPCL revises Bina refinery project cost to Rs 9,100 cr – Bharat Oman Refineries to go in for IPO|url=http://www.thehindubusinessline.in/bline/2005/09/25/stories/2005092502210200.htm|accessdate=20 December 2012|newspaper=The Hindu Businessline|date=25 September 2005}}</ref> Following these delays and cost overruns, the Omani company initially dropped out of the project but subsequently decided to be a minority stake holder in the project holding 26% equity. The refinery which was to have been commissioned in 2009 was finally inaugurated in May 2011 by Prime Minister [[Manmohan Singh]].<ref name="thehindubusinessline" /> One percent of the plant's equity is held by the [[Government of Madhya Pradesh]]. The refinery is expected to create 5,000 jobs for Local peoples of district who comes to its criteria after then state so that they boost tax revenues for the state government.<ref>{{cite news|title=Manmohan dedicates Bina refinery to the nation|url=http://www.thehindu.com/todays-paper/tp-business/article2036745.ece?css=print|accessdate=20 December 2012|newspaper=The Hindu|date=21 May 2011}}</ref> | ||
== Capacity == | == Capacity == | ||
The BORL refinery has a current installed capacity of processing 7.8 million tonnes of [[crude oil]] per annum (MTPA) or 156,000 barrels per day. The refinery also consists of a [[naphtha]] hydrotreater, a catalytic reformer to produce gasoline, a [[hydrocracker]], a diesel [[hydrotreater]] and a [[delayed coker]].<ref>{{cite news|title=BPCL commissions 120,000 bpd Bina refinery|url=http://www.livemint.com/Companies/qqMUJwjsHwiLbnjfKyN3yN/BPCL-commissions-120000-bpd-Bina-refinery.html|accessdate=20 December 2012|newspaper=HT Mint|date=31 January 2011}}</ref><ref>{{cite news|title=Bharat Oman shut crude unit at Bina londrefinery|url=http://www.livemint.com/Companies/3a0YyXPtO0JhN21nsfhSAL/Bharat-Oman-shut-crude-unit-at-Bina-refinery.html|accessdate=20 December 2012|newspaper=HT Mint|date=7 July 2010}}</ref> The capacity at the refinery is to be augmented to 7.8 MTPA and is to reach a final capacity of 15 MTPA by 2022–23 | The BORL refinery has a current installed capacity of processing 7.8 million tonnes of [[crude oil]] per annum (MTPA) or 156,000 barrels per day. The refinery also consists of a [[naphtha]] hydrotreater, a catalytic reformer to produce gasoline, a [[hydrocracker]], a diesel [[hydrotreater]] and a [[delayed coker]].<ref>{{cite news|title=BPCL commissions 120,000 bpd Bina refinery|url=http://www.livemint.com/Companies/qqMUJwjsHwiLbnjfKyN3yN/BPCL-commissions-120000-bpd-Bina-refinery.html|accessdate=20 December 2012|newspaper=HT Mint|date=31 January 2011}}</ref><ref>{{cite news|title=Bharat Oman shut crude unit at Bina londrefinery|url=http://www.livemint.com/Companies/3a0YyXPtO0JhN21nsfhSAL/Bharat-Oman-shut-crude-unit-at-Bina-refinery.html|accessdate=20 December 2012|newspaper=HT Mint|date=7 July 2010}}</ref> The capacity at the refinery is to be augmented to 7.8 MTPA and is to reach a final capacity of 15 MTPA by 2022–23.<ref name="thehindubusinessline" /><ref>{{cite news|title=BPCL to raise Bina refinery capacity to 9 mt|url=http://www.thehindubusinessline.com/companies/article1990595.ece|accessdate=20 December 2012|newspaper=The Hindu Businessline}}</ref> Exports of naphtha from the refinery began in 2012.<ref>{{cite news|title=BPCL offers 1st naphtha export from Bina plant|url=http://www.livemint.com/Companies/pj4uWpHGTTEeWNitEBIZlN/BPCL-offers-1st-naphtha-export-from-Bina-plant.html|accessdate=20 December 2012|newspaper=HT Mint|date=5 March 2012}}</ref> The plant is equipped to produce [[Euro III]] and [[Euro IV]] petroleum products and is capable of producing [[Euro V]] petroleum products with minimal additional investment.<ref name="projectsmonitor">{{cite web|title=Bina Refinery makes Bharat proud|url=http://www.projectsmonitor.com/OILGAS/bina-refinery-makes-bharat-proud|accessdate=20 December 2012|url-status=dead|archiveurl=https://web.archive.org/web/20110827011005/http://projectsmonitor.com/OILGAS/bina-refinery-makes-bharat-proud|archivedate=27 August 2011|df=dmy-all}}</ref> | ||
== Pipelines == | == Pipelines == | ||
| Line 60: | Line 60: | ||
== Consolidation == | == Consolidation == | ||
The | The government decided to consolidate the businesses of BPCL before privatization. On 31 March 2021, BPCL announced that it had signed an agreement to acquire a 36.6% stake held by [[OQ (company)|OQ (formerly known as Oman Oil Company)]] for {{INRConvert|2400|c}} giving it complete control over Bharat Oman Refinery Limited.<ref name="BS1" /> | ||
== References == | == References == | ||
{{Reflist}} | {{Reflist}} | ||
[[Category:Companies based in Madhya Pradesh]] | [[Category:Companies based in Madhya Pradesh]] | ||
| Line 74: | Line 71: | ||
[[Category:Energy companies established in 1994]] | [[Category:Energy companies established in 1994]] | ||
[[Category:1994 establishments in Madhya Pradesh]] | [[Category:1994 establishments in Madhya Pradesh]] | ||
[[Category:Bharat Petroleum]] | |||
Latest revision as of 17:24, 27 February 2026
| Industry | Oil and gas |
|---|---|
| Founded | 1994 |
| Founder(s)s | Bharat Petroleum OQ |
| Headquarters | , India |
Key people | K. Padmakar (Chairman) Mahendra Pimpale (Managing Director)[1] |
| Products | LPG, Gasoline, Diesel, Aviation turbine fuel, Sulfur, Petcoke, Light aromatic naphtha |
| Owner | Bharat Petroleum, Ministry of Petroleum and Natural Gas, Government of India |
| Website | www |
Bharat Oman Refineries Limited (BORL) which is under the ownership of Ministry of Petroleum and Natural Gas of the government of India. It owns and operates Bina Refinery, located at Bina in the Sagar of the state of Madhya Pradesh in India. The company was incorporated as a joint venture between Bharat Petroleum Corporation (BPCL) and Oman Oil Company Ltd (now OQ). Since 2021, it is a wholly owned subsidiary of BPCL. The Bina Refinery was commissioned in 11 May 2011 with an annual capacity of 6 million tonnes. The capacity of the refinery was further enhanced to 7.8 million tonnes per year in 2018.
History[edit | edit source]
Bharat Oman Refineries Limited (BORL) was incorporated in 1994 as a public limited company with equal equity participation of Bharat Petroleum and Oman Oil Company Ltd (now OQ).[2][3] Work on the refinery at Bina however began only in 2006.[4] The project faced significant delays on account of environmental clearances and poor infrastructure and suffered from severe cost overruns that saw its cost of establishment increasing from a budgeted ₹6,300 crore to ₹91 billion.[5] Following these delays and cost overruns, the Omani company initially dropped out of the project but subsequently decided to be a minority stake holder in the project holding 26% equity. The refinery which was to have been commissioned in 2009 was finally inaugurated in May 2011 by Prime Minister Manmohan Singh.[3] One percent of the plant's equity is held by the Government of Madhya Pradesh. The refinery is expected to create 5,000 jobs for Local peoples of district who comes to its criteria after then state so that they boost tax revenues for the state government.[6]
Capacity[edit | edit source]
The BORL refinery has a current installed capacity of processing 7.8 million tonnes of crude oil per annum (MTPA) or 156,000 barrels per day. The refinery also consists of a naphtha hydrotreater, a catalytic reformer to produce gasoline, a hydrocracker, a diesel hydrotreater and a delayed coker.[7][8] The capacity at the refinery is to be augmented to 7.8 MTPA and is to reach a final capacity of 15 MTPA by 2022–23.[3][9] Exports of naphtha from the refinery began in 2012.[10] The plant is equipped to produce Euro III and Euro IV petroleum products and is capable of producing Euro V petroleum products with minimal additional investment.[11]
Pipelines[edit | edit source]
The Bina refinery uses a single point mooring system at Vadinar in Gujarat to facilitate the unloading of imported crude oil from large crude carriers. The crude is transported through a 935-km long pipeline from Vadinar to Bina. The products of the refinery are then transported through the 257- km Bina-Kota pipeline where it joins the Mumbai-Manmad-Bijwasan pipeline to reach the markets of North India.[11]
Consolidation[edit | edit source]
The government decided to consolidate the businesses of BPCL before privatization. On 31 March 2021, BPCL announced that it had signed an agreement to acquire a 36.6% stake held by OQ (formerly known as Oman Oil Company) for ₹2,400 crore (US$340 million) giving it complete control over Bharat Oman Refinery Limited.[2]
References[edit | edit source]
- ↑ "Board of Directors". borl.in. Retrieved 5 April 2021.
- ↑ 2.0 2.1 "Privatisation-bound BPCL acquires OQ's stake in Bina refinery". Business Standard India. Press Trust of India. 31 March 2021. Retrieved 5 April 2021.
- ↑ 3.0 3.1 3.2 "How BPCL drafted the Bina refinery script". The Hindu Businessline. Retrieved 20 December 2012.
- ↑ "Work begins at Bina refinery". Business Standard. 10 May 2006. Retrieved 20 December 2012.
- ↑ "BPCL revises Bina refinery project cost to Rs 9,100 cr – Bharat Oman Refineries to go in for IPO". The Hindu Businessline. 25 September 2005. Retrieved 20 December 2012.
- ↑ "Manmohan dedicates Bina refinery to the nation". The Hindu. 21 May 2011. Retrieved 20 December 2012.
- ↑ "BPCL commissions 120,000 bpd Bina refinery". HT Mint. 31 January 2011. Retrieved 20 December 2012.
- ↑ "Bharat Oman shut crude unit at Bina londrefinery". HT Mint. 7 July 2010. Retrieved 20 December 2012.
- ↑ "BPCL to raise Bina refinery capacity to 9 mt". The Hindu Businessline. Retrieved 20 December 2012.
- ↑ "BPCL offers 1st naphtha export from Bina plant". HT Mint. 5 March 2012. Retrieved 20 December 2012.
- ↑ 11.0 11.1 "Bina Refinery makes Bharat proud". Archived from the original on 27 August 2011. Retrieved 20 December 2012.