India’s Bharat Petroleum to open gas stations in Africa, Asia

Indian government-owned Bharat Petroleum Corporation announced it plans to expand its petrol retail network by opening gas stations in Africa and other Asian countries, reported Business Today.

Bharat Petroleum intends to bring its surplus refining capacity in India and hydrocarbon assets from Brazil and Mozambique to the African continent and Asian countries such as China, Japan, South Korea, Malaysia, and Indonesia.

The company’s exploration in Brazil has resulted in sizeable assets while Mozambique can be the world’s third largest gas find.

Its competitor Indian Oil Corporation (IOC), also state-controlled, is already operating retail gas businesses abroad. It operates 150 gas stations in Sri Lanka, through its subsidiary, Lanka IOC, and 17 gas stations run by another subsidiary Indian Oil (Mauritius) (IOML).