New Delhi, Aug 02: After Indian Oil, it is the turn of state-run Bharat Petroleum Corporation to bid for petrol stations in Sri Lanka. Talking to a wire agency, company Chairman and Managing Director S Behuria said: "We certainly will be bidding. ”
He said: “We are keen on expanding our retail presence outside India and Sri Lanka presents a good opportunity."
Sri Lanka has invited expression of interest by August 5 from oil companies to sell state-run Ceylon Petroleum Corp's (Ceypetco) 100 petrol stations.
BPCL plans to fuel the petrol stations in the Island nation from its subsidiary Kochi Refineries Ltd (KRL) in Kerala.
Like BPCL, Mumbai-based Hindustan Petroleum Corporation Ltd (HPCL) too is plotting a bid for the Sri Lankan retail opportunity. It plans to export petrol and diesel from its Vizag refinery in Andhra Pradesh
Bureau Report