BRIEF-BPCL Exec Sees Cut In Russian Oil Availability To 20% For March For Co
ReutersJan 23, 2025 7:06 AM
Jan 23 (Reuters) - BHARAT PETROLEUM CORPORATION EXECUTIVE BPCL.NS:
SEES CUT IN RUSSIAN OIL AVAILABILITY TO 20% FOR MARCH FOR BPCL
SEES GLOBAL OIL PRICES IN RANGE OF $75-$80 PER BBL
SCOUTING FOR LONG TERM LNG DEALS
LOOKING AT 9-12 MTPA REFINERY IN ANDHRA PRADESH
SEEING A GROSS CAPEX OF 950 BLN RUPEES FOR ANDHRA PRADESH REFINERY
SEES RUSSIAN OIL FLOWS SMOOTHENING AFTER 2-3 MONTHS
SEES IMPACT OF LOWER AVAILABILITY OF CHEAPER RUSSIAN OIL ON PROFITS
BUYS 55% OIL NEEDS THROUGH ANNUAL CONTRACTS, 33-35% FROM SPOT MARKETS
TO SPEND 100 BLN RUPEES FOR RENEWABLE BUSINESS IN NEXT 2 YRS
RUSSIAN CRUDE SUPPLIES COMING DOWN AFTER US SANCTIONS
IMPACT OF US SANCTIONS ON GLOBAL SUPPLY CHAIN IS YET TO BE ASSESSED
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