Page 153 - CW E-Magazine (7-1-2025)

Hydrocarbons

OVERSEAS ASSETS
BPCL plans to invest $2.9-bn in exploration

in Mozambique, Brazil

Bharat Petroleum Corp. Ltd. (BPCL) participating interest alongside ENH far, BPCL has invested around $2-bn
plans to spend Rs. 25,000-crore (about Rovuma Area Um, SA (15%), Mitsui in Mozambique.
$2.9-bn) on its exploration and produc- E&P Mozambique Area1 (20%), ONGC
tion blocks in Mozambique and Brazil Videsh (10%), Beas Rovuma Energy Petrochemical plans
over the next three years, Mr. G. Krishna- Mozambique (10%), BPRL Ventures Mr. Krishnakumar said BPCL plans
kumar, Chairman and Managing Director Mozambique BV (10%), and PTTEP to increase the share of petrochemicals
of the company was quoted as saying in Mozambique Area 1 (8.5%). in its business mix to 15% by 2040 from
an Economic Times report. 2.5% currently, and it is therefore looking
“The force majeure is expected to to expand refi ning capacity. The company
BPCL’s Mozambique project was be lifted in the fourth quarter of this had announced two new petrochemical
halted in March 2021 after France’s To- fi scal. We had a meeting with TotalEner- projects in Bina and Kochi with a total
talEnergies, the operator, declared force gies and they gave us a good sign. We capital outlay of Rs. 54,000-crore. The
majeure following Islamic State-linked are sitting on a huge potential,” said Rs. 49,000-crore ethylene cracker project
insurgents attacks on civilians in Mozam- Mr. Krishnakumar, adding that BPCL at Bina involves brownfi eld expansion of
bique’s northern Cabo Delgado province is hopeful of starting work on the pro- the Bina refi nery’s capacity to 11-mtpa
where the liquifi ed natural gas (LNG) ject in 2025. The Mozambique project from 7.80-mtpa, primarily to cater to
project is being built. TotalEnergies has a total reserve of 64-trillion cubic the feed requirements of petrochemical
operates Mozambique LNG with a 26.5% feet (tcf) and a capacity of 13-mtpa. So plants.

PETROLEUM PRODUCTS MARKETING
Nayara Energy to offer lubes from Gulf Oil at fuel

stations

Gulf Oil Lubricants India, part of
the Hinduja Group, has inked a strategic
partnership with Nayara Energy, a lead-
ing private fuel retailer and an integrated
downstream company in the country. As
per the understanding, Nayara Energy
will make available Gulf Oil’s entire auto-
motive product range, including lubri-
cants for two-wheelers, passenger cars,
commercial vehicles and agriculture-re-
lated vehicles, at its network of over
6,500 fuel retail outlets. and fuel stations..…. With the support our commitment to grow this category
of Nayara’s vast network and expertise is visible from the Quick Lube Change
The association is part of a three-year in fuel retailing, we are well-positioned Bays we have incorporated in our Retail
contract will also see Gulf Oil make avail- to serve a wide range of consumers with Outlet. These Quick Lube Change bays
able its AdBlue and two-wheeler batteries high-quality, dependable automotive are equipped with advanced machinery
among others at Nayara’s network. solutions,” said Mr. Ravi Chawla, MD that enables lube change in less than 5
and CEO, Gulf Oil Lubricants India. minutes and this service is provided Free
“Our partnership with Nayara Energy of charge at our outlets,” Mr. Madhur
is a signifi cant step forward in expanding “Lubes are an essential category in Taneja, Chief Marketing Offi cer, Nayara
Gulf’s presence across India’s highways our NFR (Non-Fuel Retail) offerings and Energy, added.

Chemical Weekly January 7, 2025 153

Contents Index to Advertisers Index to Products Advertised