View source for Bharat Oman Refinery Limited

{{Use Indian English|date=December 2014}}
{{Use dmy dates|date=April 2014}}
{{Infobox company
| name = Bharat petroleum corporation Limited
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| native_name = <!-- No native name as per [[WP:NOINDICSCRIPTS]] -->
| type =  [[government of India]]
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| industry = [[Oil and gas]]
| founded = {{Start date and age|1994}}
| founders = [[Bharat Petroleum]]<br>[[OQ (company)|OQ]]
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| hq_location_city = [[Bina Etawa|Bina]], [[Madhya Pradesh]]
| hq_location_country = India
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| key_people = K. Padmakar <small>(Chairman)</small><br>Mahendra Pimpale <small>(Managing Director)</small><ref>{{cite web |title=Board of Directors |url=https://borl.in/about-us/board-of-directors.aspx |website=borl.in |access-date=5 April 2021}}</ref>
| products = [[Liquefied petroleum gas|LPG]], Gasoline, [[Diesel fuel|Diesel]], [[Aviation turbine fuel]], Sulfur, Petcoke, [[Naphtha|Light aromatic naphtha]]
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| owner = [[Bharat Petroleum]], [[Ministry of Petroleum and Natural Gas]], [[Government of India]]
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| website = {{URL|https://www.borl.in/}}
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'''Bharat Oman Refineries Limited''' ('''BORL''') which is under the [[ownership]] of [[Ministry of Petroleum and Natural Gas]] of the [[government of India]]. It owns and operates [[Bina Refinery]], located at [[Bina Etawa|Bina]] in the [[Sagar, Madhya Pradesh|Sagar]] of the state of [[Madhya Pradesh]] in India. The company was incorporated as a joint venture between [[Bharat Petroleum Corporation]] (BPCL) and Oman Oil Company Ltd (now [[OQ (company)|OQ]]). Since 2021, it is a wholly owned subsidiary of BPCL. The Bina Refinery was commissioned in 11 May 2011 with an annual capacity of 6 million [[tonne]]s. The capacity of the refinery was further enhanced to 7.8 million tonnes per year in 2018.

== History ==
Bharat Oman Refineries Limited (BORL) was incorporated in 1994 as a public limited company with equal equity participation of [[Bharat Petroleum]] and Oman Oil Company Ltd (now [[OQ (company)|OQ]]).<ref name="BS1">{{cite web|agency=Press Trust of India|date=31 March 2021|title=Privatisation-bound BPCL acquires OQ's stake in Bina refinery|url=https://www.business-standard.com/article/companies/privatisation-bound-bpcl-acquires-oq-s-stake-in-bina-refinery-121033101018_1.html|access-date=5 April 2021|website=Business Standard India}}</ref><ref name="thehindubusinessline">{{cite news|title=How BPCL drafted the Bina refinery script|url=http://www.thehindubusinessline.com/companies/article2035294.ece|accessdate=20 December 2012|newspaper=The Hindu Businessline}}</ref> Work on the refinery at Bina however began only in 2006.<ref>{{cite news|title=Work begins at Bina refinery|url=http://www.businessstandard.com/india/news/work-begins-at-bina-refinery/241752/|accessdate=20 December 2012|newspaper=Business Standard|date=10 May 2006}}</ref> The project faced significant delays on account of environmental clearances and poor infrastructure and suffered from severe cost overruns that saw its cost of establishment increasing from a budgeted {{INR}}6,300 crore to {{INR}}91&nbsp;billion.<ref>{{cite news|title=BPCL revises Bina refinery project cost to Rs 9,100 cr – Bharat Oman Refineries to go in for IPO|url=http://www.thehindubusinessline.in/bline/2005/09/25/stories/2005092502210200.htm|accessdate=20 December 2012|newspaper=The Hindu Businessline|date=25 September 2005}}</ref> Following these delays and cost overruns, the Omani company initially dropped out of the project but subsequently decided to be a minority stake holder in the project holding 26% equity. The refinery which was to have been commissioned in 2009 was finally inaugurated in May 2011 by Prime Minister [[Manmohan Singh]].<ref name="thehindubusinessline" /> One percent of the plant's equity is held by the [[Government of Madhya Pradesh]]. The refinery is expected to create 5,000 jobs for Local peoples of district who comes to its criteria  after then state so that they boost tax revenues for the state government.<ref>{{cite news|title=Manmohan dedicates Bina refinery to the nation|url=http://www.thehindu.com/todays-paper/tp-business/article2036745.ece?css=print|accessdate=20 December 2012|newspaper=The Hindu|date=21 May 2011}}</ref>

== Capacity ==
The BORL refinery has a current installed capacity of processing 7.8 million tonnes of [[crude oil]] per annum (MTPA) or 156,000 barrels per day. The refinery also consists of a [[naphtha]] hydrotreater, a catalytic reformer to produce gasoline, a [[hydrocracker]], a diesel [[hydrotreater]] and a  [[delayed coker]].<ref>{{cite news|title=BPCL commissions 120,000 bpd Bina refinery|url=http://www.livemint.com/Companies/qqMUJwjsHwiLbnjfKyN3yN/BPCL-commissions-120000-bpd-Bina-refinery.html|accessdate=20 December 2012|newspaper=HT Mint|date=31 January 2011}}</ref><ref>{{cite news|title=Bharat Oman shut crude unit at Bina londrefinery|url=http://www.livemint.com/Companies/3a0YyXPtO0JhN21nsfhSAL/Bharat-Oman-shut-crude-unit-at-Bina-refinery.html|accessdate=20 December 2012|newspaper=HT Mint|date=7 July 2010}}</ref> The capacity at the refinery is to be augmented to 7.8 MTPA and is to reach a final capacity of 15 MTPA by 2022–23.<ref name="thehindubusinessline" /><ref>{{cite news|title=BPCL to raise Bina refinery capacity to 9 mt|url=http://www.thehindubusinessline.com/companies/article1990595.ece|accessdate=20 December 2012|newspaper=The Hindu Businessline}}</ref> Exports of naphtha from the refinery began in 2012.<ref>{{cite news|title=BPCL offers 1st naphtha export from Bina plant|url=http://www.livemint.com/Companies/pj4uWpHGTTEeWNitEBIZlN/BPCL-offers-1st-naphtha-export-from-Bina-plant.html|accessdate=20 December 2012|newspaper=HT Mint|date=5 March 2012}}</ref> The plant is equipped to produce [[Euro III]] and [[Euro IV]] petroleum products and is capable of producing [[Euro V]] petroleum products with minimal additional investment.<ref name="projectsmonitor">{{cite web|title=Bina Refinery makes Bharat proud|url=http://www.projectsmonitor.com/OILGAS/bina-refinery-makes-bharat-proud|accessdate=20 December 2012|url-status=dead|archiveurl=https://web.archive.org/web/20110827011005/http://projectsmonitor.com/OILGAS/bina-refinery-makes-bharat-proud|archivedate=27 August 2011|df=dmy-all}}</ref>

== Pipelines ==
The Bina refinery uses a [[single point mooring]] system at [[Vadinar]] in Gujarat to facilitate the unloading of imported crude oil from large crude carriers. The crude is transported through a 935-km long pipeline from Vadinar to Bina. The products of the refinery are then transported through the 257- km Bina-[[Kota, Rajasthan|Kota]] pipeline where it joins the Mumbai-[[Manmad]]-[[Bijwasan]] pipeline to reach the markets of [[North India]].<ref name="projectsmonitor" />

== Consolidation ==
The government decided to consolidate the businesses of BPCL before privatization. On 31 March 2021, BPCL announced that it had signed an agreement to acquire a 36.6% stake held by [[OQ (company)|OQ (formerly known as Oman Oil Company)]] for {{INRConvert|2400|c}} giving it complete control over Bharat Oman Refinery Limited.<ref name="BS1" />

== References ==
{{Reflist}}

[[Category:Companies based in Madhya Pradesh]]
[[Category:Sagar district]]
[[Category:Indian companies established in 1994]]
[[Category:Energy in Madhya Pradesh]]
[[Category:Energy companies established in 1994]]
[[Category:1994 establishments in Madhya Pradesh]]
[[Category:Bharat Petroleum]]