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Oil India signs MoUs with BPCL, NRL
Oct-28-2025

Oil India (OIL) has signed two landmark Memoranda of Understanding (MoUs) with Bharat Petroleum Corporation (BPCL) and Numaligarh Refinery (NRL). These partnerships mark significant milestones in OIL’s integrated growth strategy--spanning refining, petrochemicals and logistics infrastructure--and reaffirm its commitment to building a sustainable and self-reliant energy future for India.

OIL and BPCL 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. The proposed facility, with a refining capacity of 9-12 MMTPA (MMTPA) and a ethylene cracker unit of 1.5MMTPA, represents an estimated investment of Rs 1 lakh crore ($11 billion) and is anticipated to play a pivotal role in India's downstream sector expansion. The project is slated for commercial operations by FY 2030.

Oil India, a navratna company, is Asia's oldest and biggest pioneer oil exploration and Production Company.


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