BPCL Plans Singapore Trading Hub to Cut Costs and Boost Margins

India’s Bharat Petroleum Corp. will open a trading office in Singapore next month, as the state-owned refiner seeks to become more flexible in its feedstock procurement process and reduce costs...

By Rakesh Sharma, Yongchang Chin · Bloomberg Markets

India’s Bharat Petroleum Corp. will open a trading office in Singapore next month, as the state-owned refiner seeks to become more flexible in its feedstock procurement process and reduce costs to boost processing margins, Chairman Sanjay Khanna said on Thursday.