CRUDE OIL

The total crude oil requirement of BPCL group Refineries (Mumbai, Kochi, Bina, Numaligarh) is approximately 39 MMTPA. Approximately 20 % of crude oil is available indigenously and balance crude is imported.

The Crude Oil desk of BPCL International Trade department arranges for crude oil imports, FOB as well as on CFR/DES basis, to meet the periodic processing requirements of the Refineries.

Crude Oil imports are on term and spot basis, keeping in mind the following broad requirements:

• Design parameters of refinery units
• Techno-economic considerations of different grades of crude oil
• Processing needs of refineries based on demand projection for different petroleum products, during a given period
• Adequate availability of preferred crudes on term/spot basis

While term contracts for required crude oil grades are entered with National Oil Companies/Equity holders of crude, spot cargos are imported on need basis through counterparties who are registered with BPCL.