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.
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 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.
Bharat Petroleum Corp. , India’s second-biggest state refiner, has canceled a tender seeking 10,000 metric tons of reformate for delivery in mid-May to Mumbai, said two traders who participate in the market.
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 Petroleum Corp., India’s second-largest state refiner, bought 2 million barrels of Angolan Nemba crude via a tender from Vitol Group for loading in January, said two traders with knowledge of the matter.