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Bharat Petroleum Plans Petrochemical Project in India

3:51 AM MDT | September 22, 2011 | Deepti Ramesh

Bharat Petroleum (Mumbai) plans to invest about Rs50 billion-Rs60 billion ($1.04 billion-$1.25 billion) to establish a petrochemical complex at its refinery site at Kochi, in the state of Kerala, India, say press reports. The petrochemical complex, which is expected to be completed in the next five years, will produce petrochemical products that are currently being imported into India. Bharat Petroleum is in discussions with several international companies for sharing technology, and for buying an equity stake in the project, reports say. The investment in the...

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