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    BPCL to open Singapore trading desk, expand crude, LNG, fuels trade

    BPCL chairman said the company will initially post four to five people in Singapore

    Reuters
    January 29, 2026 / 21:01 IST
    BPCL will buy Venezuelan oil, chairman said

    State-run Bharat Petroleum Corp (BPCL) will set up a trading desk in Singapore next month to expand its dealings in crude oil, liquefied natural gas, and refined fuels, its Chairman, Sanjay Khanna, said on Thursday.

    He said the company will initially post four to five people in Singapore.

    "Our team will identify opportunities for us and can help other companies as well if required," Khanna told reporters at the India Energy Week conference.

    He also said the company will buy Venezuelan oil. BPCL can process up to 15% Venezuelan crude at its Bina and Kochi refineries, he added.

    Reuters
    first published: Jan 29, 2026 09:01 pm

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