ONGC, BPCL eye international partner for new refineries
ONGC and BPCL are negotiating with Saudi Aramco to partner in setting up new petroleum refineries in India. BPCL plans to build a refinery in Andhra Pradesh, while ONGC is considering locations in Gujarat or Uttar Pradesh. Engineers India is preparing a pre-feasibility study for the projects, which will require significant international investment.