Fuel retailer Bharat Petroleum Corporation (BPCL) does not expect any disruption in supply of Russian crude to have significantly impact its profitability or crude supply security since discounts on Russian crude have shrunk considerably and there are numerous oil supply sources available, according to BPCL’s director (refineries) SANJAY KHANNA. As for its planned greenfield coastal refinery project in Andhra Pradesh, BPCL is open to taking on international oil majors as partners.
A decision on this front is expected only when there is a “certain level of clarity” about this project. In an interview with SUKALP SHARMA, Khanna talks about oil imports and energy security, BPCL’s expansion plans, decarbonisation, and its energy transition and evolution path.