Hyderabad: Bharat Petroleum Corporation Limited (BPCL) on Tuesday signed three Memoranda of Understanding (MoUs) with Oil India Limited (OIL), Numaligarh Refinery Limited (NRL), and Fertilisers & Chemicals Travancore Limited (FACT).

BPCL and OIL signed a non-binding MoU to explore collaboration in developing BPCL’s upcoming Greenfield Refinery and Petrochemical Complex near Ramayapatnam Port in Nellore district, Andhra Pradesh, a press release from BPCL said.

The proposed facility, with a refining capacity of 9-12 Million Metric Tonnes Per Annum (MMTPA) and an estimated investment of Rs 1 lakh crore (USD 11 billion), will be a cornerstone of India’s downstream expansion.

Under the MoU, the companies will evaluate opportunities for collaboration, including the possibility of OIL taking

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