Bharat Petroleum Corp. is the best- performing energy stock on the MSCI AC Asia Pacific Index this year and analysts say its foray into exploration in Africa to counter refining losses may mean there’s more growth to come.
Bharat Petroleum Corp., India’s second-biggest state refiner, plans to almost double the combined capacity of two refineries at a cost of about $2.8 billion to feed the company’s growing network of gas stations.
Bank of Tokyo-Mitsubishi UFJ Ltd. is offering a rate of about 235 basis points more than the London interbank offered rate to lend Bharat Petroleum Corp. $400 million for five years, according to two people familiar with the matter.
Bharat Petroleum Corp., India’s second-largest state refiner, extended closing and validity dates for its tender seeking crude for loading in August, said two traders who asked not to be identified because the information is confidential.
Bharat Oman Refineries Ltd., a joint venture between Bharat Petroleum Corp. and Oman Oil Co., hired Deutsche Bank AG to arrange a $140 million, eight-year loan, according to a person familiar with the matter.