{"id":158613,"date":"2018-04-19T11:36:54","date_gmt":"2018-04-19T11:36:54","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=158613"},"modified":"2018-04-19T11:36:54","modified_gmt":"2018-04-19T11:36:54","slug":"bpcl-plans-to-start-oil-trading-office-in-singapore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bpcl-plans-to-start-oil-trading-office-in-singapore\/","title":{"rendered":"BPCL plans to start oil trading office in Singapore"},"content":{"rendered":"<p>Bharat Petroleum Corp Ltd plans to start a trading office in Singapore in the near future to procure crude for its refineries and trade oil products, its head of refineries, R. Ramachandran, said late on Wednesday.<\/p>\n<p>&#8220;We will open office in the near future,&#8221; he said, without specifying a timeline.<\/p>\n<p>However, a company source, who declined to be named, said the office may start operations by September.<\/p>\n<p>BPCL could become the second Indian state refiner after Indian Oil Corp to open a Singapore trading outpost as Indian buyers hunt for competitively priced spot cargoes from the Asian oil-trading hub.<\/p>\n<p>The company has started looking for office space and plans to transfer up to four staff from Mumbai to Singapore initially, Ramachandran said.<\/p>\n<p>The staff strength would grow as the company expands its trading business in Singapore, he said.<\/p>\n<p>BPCL along with its subsidiaries operate refineries that can process 730,000 barrels per day of crude oil, equivalent to about 15 percent of India&#8217;s overall refining capacity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bharat Petroleum Corp Ltd plans to start a trading office in Singapore in the near future to procure crude for its refineries and trade oil products, its head of refineries, R. Ramachandran, said late on Wednesday. &#8220;We will open office in the near future,&#8221; he said, without specifying a timeline. However, a company source, who declined to be named, said the office may start operations by September. BPCL could become the second Indian state refiner after Indian Oil Corp to open a Singapore trading outpost as Indian buyers hunt for competitively priced spot cargoes from the Asian oil-trading hub. The [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133],"tags":[],"class_list":["post-158613","post","type-post","status-publish","format-standard","hentry","category-oil-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/158613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=158613"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/158613\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=158613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=158613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=158613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}