Bharat Petroleum Corporation Limited - Investor Presentation February 2021
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Bharat Petroleum Corporation Limited
Investor Presentation
February 2021
1
Disclaimer 2
No information contained herein has been verified for truthfulness completeness, accuracy, reliability or otherwise whatsoever by anyone. While the Company will use reasonable efforts
to provide reliable information through this presentation, no representation or warranty (express or implied) of any nature is made nor is any responsibility or liability of any kind
accepted by the Company or its directors or employees, with respect to the truthfulness, completeness, accuracy or reliability or otherwise whatsoever of any information, projection,
representation or warranty (expressed or implied) or omissions in this presentation. Neither the Company nor anyone else accepts any liability whatsoever for any loss, howsoever,
arising from use or reliance on this presentation or its contents or otherwise arising in connection therewith.
This presentation may not be used, reproduced, copied, published, distributed, shared, transmitted or disseminated in any manner. This presentation is for information purposes only
and does not constitute an offer, invitation, solicitation or advertisement in any jurisdiction with respect to the purchase or sale of any security of BPCL and no part or all of it shall form
the basis of or be relied upon in connection with any contract, investment decision or commitment whatsoever.
The information in this presentation is subject to change without notice, its accuracy is not guaranteed, it may be incomplete or condensed and it may not contain all material
information concerning the Company. We do not have any obligation to, and do not intend to, update or otherwise revise any statements reflecting circumstances arising after the date
of this presentation or to reflect the occurrence of underlying events, even if the underlying assumptions do not come to fruition.
2
Table of Contents
1 2 3
Corporate Overview Business Overview Industry Overview
Page 4 Page 9 Page 29
3
1. Corporate Overview 4
Introduction
India’s 2nd largest Oil Marketing Company
(OMC) with standalone domestic sales volume of 309 Ranking on Fortune 500- 2020 global list
2nd over 43.10 MMT and Market share of 22% during
FY20
India’s 3rd largest in terms of Refining Capacity 44th Rank on Platt’s Top 250 Global Energy
3rd (15.33 % of India’s refining capacity) 44 Company Rankings 2019
1.2 BPCL’s Market Capitalization recently touched ₹
6th India’s 6th largest company by turnover Lakh 1.2 Lakh Cr
Cr
Recipient of Oil The Govt. of India conferred BPCL with Balanced portfolio with Strategically located
Marketing - Company of the “MAHARATNA” status in Sep 2017 Refineries and Marketing Infrastructure
Year in 2019 by FIPI
5
BPCL 5 Year Key Physical Indicators
REFINING CAPACITY MARKET SALES (MMT) Market Capitalization
(MMT) (INR billion)
38.30 38.30 38.30 43.07 43.10 939.79 927.25
36.50
833.65 826.70
41.21
30.50
685.05
37.68
36.53
FY17 FY18 FY19 FY20 Q3FY21 FY16 FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 Q3 FY21
Entire throughput/capacity of Bina Refinery & NRL have been
Market Capitalization figures as on period end
considered
India’s Leading Oil and Gas Company with presence across the Hydrocarbon Value Chain
6
BPCL Evolution
7
GoI acquired Burmah Shell BPCL and GAIL BPCL entered the LNG Entered into Kochi Refinery CCR1 unit at Formation of Bharat Gas
Refineries. Name changed formed a JV, IGL, for market by signing a upstream business capacity Mumbai Resources Limited for focus
to BPCL in 1977 distribution of Natural gas sales purchase and formed Bharat enhanced Refinery on Gas business
Gas in entire capital agreement with Petro Resources to 9.5 MMTPA commissioned
region Petronet LNG Limited (BPRL) in March 2014 Bina capacity enhanced to 7.8
MMTPA
conferred with
“MAHARATNA”
status in Sep
2017
KR modernized
and capacity
BPCL Evolution
enhanced to 15.5
2009
MMTPA
2008
2006
2005
2003 Acquisition of upstream
2002 assets in Russia
1976 1998
Integrated Refinery
Expansion Project (IREP)
at Kochi
Started operations at its Bina Refrigerated LPG
refinery by launching its crude storage and
Commissioned Energy Efficient
distillation unit handling facility at
CDU IV with replacement of CDU I
JNPT and Uran
Restructured business into Mumbai Refinery Commissioning of & II at Mumbai Refinery
First in the Indian Oil LPG plant
corporate centre, Strategic capacity enhanced to Euro III / IV products launched 6 MMTPA Commissioned Kota Jobner
Industry to roll out commissioned
Business Units (SBU) and 12 MMTPA at Mumbai and Kochi Refinery Bina Refinery Pipeline and Terminal
Shared Entities ERP Solution
7
Major Subsidiaries,
JVs & Associates
Subsidiaries Joint Ventures & Associates
City Gas Aviation
Upstream Refining Refining Pipelines Trading Activities
Distribution Services
100.00% 63.38% 61.65%
22.50% 50.00% 50.00% 50.00%
25.00%
Ratnagiri Refinery & Kochi Salem Bharat Stars
Indraprastha Gas Matrix Bharat Pte
Petrochemicals Pipeline Pvt. Services Pvt
Limited Limited
Limited Limited Limited
25.00% 11.00% 37.00%
Bharat
Bharat Oman Numaligarh
PetroResources Central UP Gas Delhi Aviation Fuel
Refineries Limited Refinery Limited GSPL India Transco LNG
Limited Limited Facility (P) Limited
12.50%
22.50% 11.00% 16.20%
Kannur
Gas Maharashtra Petronet LNG
GSPL India Gasnet International Airport
Natural Gas Limited Limited
Ltd.
100.00%
49.94% 25.00% 25.00%
Bharat Gas
Mumbai Aviation
Resources Limited Sabarmati Gas IHB Pvt. Ltd. Others
Fuel Facility (P)
Limited
Limited
50.00% 74.00%
20.73%
BPCL-KIAL Fuel
Haridwar Natural Farm Facility Pvt.
Gas Private Limited Ltd. FINO Paytech Ltd
50.00%
Goa Natural Gas
Pvt. Ltd.
8
2. Business Overview 9
Asset Portfolio
Refining 8 Countries 24 Blocks 20+ Global Partners
Upstream
Upstream
Russia, Brazil, Mozambique, UAE, 26 Exploration Total, ENI, ONGC, Rosneft, Mitsui, OIL,
Presence Indonesia, Australia, Israel, India Discoveries Japan Energy, ADNOC, Petrobras etc.
E&P
Downstream
Midstream &
Refining 4 Refineries 38.30 MMT 937 km SBM
Infrastructure Strategically located Refining Capacity Vadinar-Bina Crude oil pipeline at Vadinar and Kochi
Refining 100% BORL & NRL considered
Marketing 79 Retail 54 LPG 58 Aviation 4 Lube 37 Geographical
Infrastructure Depots Bottling Plants Service Stations blending plants Areas incl. JVs
Storage
Pipeline 2241 Km Specific & Multi17.84 MMTPA Design
Network Product Pipeline Network capacity of Pipeline Network
Distribution
Distribution ~17,841 Retail Outlets ~6,139 LPG Distributors
Network
Marketing
STRATEGIC BUSINESS ENTITIES (Support
10 UNITS 7 Functions) 23 EMPLOYEES 9,398
*Numbers in the slide are for period ending 31st December 2020.Diversified Product Offering and Presence Across
Value Chain
Industrial/
Refinery
Aviation Retail LPG Aviation Lubricants Gas
Commercial
Refining capacity of 28.45% market 26.00% market Currently 8,000+ 22.73% market 23.57% market 50+ major LNG
38.3 MMTPA share1 share1 customers share1 in ATF share1 customers
15% of the country’s ~17,841 retail outlets Currently over 58 Aviation service Currently 18,000+
refining capacity2 79 depots 6139 distributors stations customers
/installations 58 LPG bottling More than 400+
plants grades of products
Strategically Pan India presence Various Innovative Reliable, Present at all the Major OEM tie ups Emerging Markets
located refineries across products offerings with innovative and major gateways such as Tata
ventures in allied caring supplier of and airports for into Motors, Honda,
business I&C products plane services Genuine Oil, TVS
etc.
100% subsidiary
Four refineries in Pioneer in branded Current Domestic Pioneer in IT Fuel Farm Product
BGRL for focus on
Mumbai, Kochi, retail outlets, customer base 8.41 integration and Operations through customization
Gas business
Numaligarh and branded fuels ex: Crores Supply Chain MAFFFL and
Interest in 37 GAs
Bina Speed Management DAFFL
1. Market share includes sale by PSU as well as private oil marketing companies. For Lubricants it represents on PSUs share. All figures as of 31st Dec 2020.
11 2. Source : Ministry of Petroleum and Natural Gas, PPACRefining Coverage
Installed Capacity Refining Throughput
Refining Capacity
45.00
36.76* 38.29*
40.00
BORL Mumbai – 12 34.70*
4.00
MMTPA 35.00 29.84* 31.25* 2.85
3.35 2.90 2.38
NRL 30.00 3.18 2.81
3.20
2.68
Kochi – 15.5 25.00 2.52
14.78 15.14
MMTPA 20.00
14.29
13.41 13.60
15.00
BORL – 7.8 10.00
MMTPA 14.25 16.23 16.77
5.00 10.71 11.79
Mumbai
0.00
Refinery Numaligarh – 3 FY16 FY17 FY18 FY19 FY20
MMTPA Kochi Mumbai Numaligarh Bina
Kochi
Refinery * Bina Refinery throughput is considered proportionately because it’s a 50:50 JV. From 31st March 2020, on account of conversion of share warrants
issued by BORL into equity shares, BPCLs paid up share capital in BORL has increased from 50% to 63.38%
Refinery Utilization rates 937-km cross country
Four Strategically located Refineries are BS VI & IMO Flexibility to process low &
above name-plate pipeline to source crude to
refineries across India Compliant high sulphur Crude
capacities BORL
12Mumbai Refinery- MR
Commissioned in 1955 with processing capacity of 2.2 MMTPA
now augmented to 12 MMTPA.
Flexibility to process low & high sulphur Crude, consistently,
refining throughput exceeds designed capacity
Connected with MMBPL multi product pipeline from Mumbai to
Delhi designed to evacuate 6 MMTPA of petroleum products
• 12 MMTPA Capacity
• Processed ~94 types of crudes Lowest SOX emission refinery of country (< 10 T/d)
• API Range: 37 to 39.8
Ongoing Projects- Marine Oil Terminal Revamp, Lubricating Oil
• Lubes refinery Base Stock Revamp, Reformer Feed Unit Revamp, Kerosene
• Hydrocracker & 2 FCCUs
Hydro Treating Unit
Commissioned new Jetty (JD-5), can receive crude from SuezMax
MR is one of the most versatile refineries in India with state of the art monitoring tools covering entire functions of refinery
13Kochi Refinery- KR
Started its journey in 1966 with capacity of 50,000 bbl per day
and currently largest PSU Refinery
Equipped to receive crude oil in Very Large Crude Carriers (VLCCs)
with SPM (Single Point Mooring)
A 300 km long pipeline connects the refinery to various
• 15.5 MMTPA Capacity consumption points in Tamil Nadu
• Processed ~95 types of crudes
Ability to swing between MS & HSD based on demand
• API Range: 31.8 to 37.4
• Petrochemical FCCU & FCCU Ongoing Projects- PDPP and POPP (Niche Petrochemical
Products), MSBP (MS production enhancement)
• Delayed Coker unit for bottom
upgradation
KR to meet fuel demand of the Indian Market and create synergy for diversification into petrochemical products
14BORL
Bharat Oman Refineries Limited (BORL) – BPCL Interest 63.38%
with 7.8 MMT Refining capacity at BINA
State of art technologies - High Nelson Complexity Index 11.58
Associated Facilities – SPM, Crude Oil Terminal, 937-km cross
• Processed 19 types of crudes country crude oil pipeline from Vadinar to Bina (VBPL)
• API Range: 28 to 40
Bina Kota Pipeline for evacuation of products
• Hydrocracker
• Delayed Coker unit for bottom
Low cost capacity expansion from 6 MMTPA to 7.8 MMTPA
upgradation
GRM of $2.4/bbl during Q3 FY 21
Bina refinery to consolidate refining portfolio required to support downstream retailing market in Northern and Central India
15Numaligarh Refinery
Expansion Plans
Capacity expansion from 3 to 9 MMTPA
Total Project Cost of Rs.22,594 crores
Integrated with an 8 MMTPA 1,398 km crude pipeline from Paradeep
to Numaligarh
• Numaligarh Refineries Limited (NRL) Integrated with a 6 MMTPA 650 km product pipeline from Numaligarh
– BPCL Interest 61.65% with 3 MMT
to Siliguri
Refining capacity in the north-
eastern state of Assam
Other Projects
• Largest producer of paraffin wax in Diesel Hydro-treater Project with capex of Rs.1031 crores completed
the country
in Jan 2018
• GRM of $37.76/bbl during Q3 FY21 Bio-refinery through JV planned at a cost of Rs.1,259 crores at
(including ED Benefit) Numaligarh
129.5 km India Bangladesh Product Pipeline at a cost of Rs.346 crores
including Government Grant-in-Aid of Rs.285 crores
Numaligarh refinery to consolidate refining portfolio required to support downstream retailing market in North-eastern India
16Marketing Operations and Efficiencies
LPG Bottling Capacity (TMTPA)
SBU Market Sales (MMT)
5000 4590
4212
3687 3957
45.00 36.53 43.07 43.10 4000
37.68 41.21 3363
40.00 3000
35.00 2000
30.00 27.30 26.97 1000
26.60
25.00 25.25 0
25.38
20.00 FY16 FY17 FY18 FY19 FY20
Thru’put per Outlet BPC Vs. Industry
15.00 0.24 0.30
0.32
0.29 7.05 6.95
0.32 6.51
10.00
4.67 5.14
1.55 1.79 1.99 2.01 (KL/month)
5.00 1.28
4.87 5.45 5.99 6.49 6.87
140
- Apr-Dec 20
FY16 FY17 FY18 FY19 FY20 135 134
LPG Aviation Direct Lubes Retail 130
125
Retail Market Share MS & HSD* 125 122
120
120
MS - 28.47%
115
HSD- 28.91%
110
*Market share is PSU Market share on Apr-Dec 20 BPC IOC HPC Industry
Leading Player with a Diversified product portfolio and a well-established Marketing and Distribution network
17Ongoing Projects
Kochi Refinery – MS Block Project for
BS VI grade gasoline and
Maximization of Naptha to Retail Infrastructure: POL Terminal
gasoline (₹ 32.89 Bn) with Railway Siding at Pune, Gulbarga,
& Coastal terminal at Krishnapatnam
(₹ 10.69 Bn)
LPG import terminal at Haldia, West
Bengal (₹ 10.98 Bn)
Bina Kanpur Product Pipeline &
other pipelines (₹ 19.74 Bn)
Kochi – Diversification into Niche
Petrochemicals PDPP Project- Acrylic 2G ethanol refinery at Bargarh
Acid, Oxoalcohol, Acrylates Odisha
(₹ 52.46 Bn) (₹ 16.07 Bn)
18Upcoming Projects
Investments in Mozambique – FID sanctioned. Project Financing agreement
signed.
UPSTREAM BPCL has been awarded 11 GAs in 9th round and 2 GAs in 10th round of
bidding
INVESTMENTS IN GAS Expansion of marketing infrastructure across all business
verticals including 2500 new retail outlets in the current year
MARKETING INFRASTRUCTURE
PETROCHEMICALS Petrochemical Project(Polyols) at Kochi to manufacture Propylene
Glycol, Ethylene Glycol, Polyol
PIPELINES
Cross country LPG pipeline from Kandla to Gorakhpur through a JV
RASAYANI
Marketing Infrastructure & other facilities at Rasayani near Mumbai
Capex outlay of INR 90.00 Bn for FY21 (Incl. investment in Subsidiaries/JVs)
19CAPEX Strategy
BPCL Evolution
120.00 109.93 110.64 90.00
0.29 1.08
1.80 2.31
100.00 11.51
9.83
80.00 50.04
3.65
INR Billion
49.52 12.00
60.00
15.69
36.85
40.00 16.97
7.95
20.00 41.52
29.84
19.72
-
Actual - FY19 Actual - FY20 Budgeted - FY21
Refineries Petrochemicals Marketing Investments in Exploration Investments in Gas Others
Significant Expansion in Upstream and Downstream business to drive future growth
20Financial Performance
Net Worth (INR Billion) PROFIT AFTER TAX (INR Billion) CAPITAL EMPLOYED
367.38
80.39 79.76
341.31 332.14 450 426 900
71.32
296.68 400 800
367 773
350 341 700
332
297 648
300 580 600
INR BN
INR BN
250 240 500
446
200 400
184
150 178 300
21.85 100 200
50 100
- 0
FY17 FY18 FY19 FY20
FY17 FY18 FY19 FY 20 FY17 FY18 FY19 FY20 Networth Adjusted Borrowing Capital Employed
Financial Ratios FY18 FY19 FY 20 Q3 FY 21
Total Debt-Equity 0.68 0.79 1.26 0.60
Profit After Tax as % of Total Equity * 25 20.1 7.7 39.53
Basic Earnings per Share (Rs.) 40.55 36.26 13.64 14.12
* Quarterly Data Annualized
21 Stable Earnings and Sound Financial Leverage driving Credit StrengthBPCL R&D Innovative Solutions
130 Operational Excellence • Crude oil evaluation • Advanced analytical support
Patents • Modeling & Simulation • Optimal catalyst selection
• Corrosion & fouling • Solar Energy
65
Cost efficient and • K Model • Ecochem: ethanol corrosion inhibitor
70
Innovative Products • BPMARRK® • HiCAT: dewaxing catalyst
• WDP • GSR CAT: Sulfur reduction catalyst
42 • BMCG 2nd GEN • High performance LPG burner
65
28 Process Design / Process • Divided Wall Column • Low grade energy utilization
Intensification • HiGee Separations • Delayed coking
Filed Granted • Cross flow reactor • H2 separation through membrane
Indian Foreign
Polymers & • SAP / Agri-SAP • Novel catalysts
Over 200 • Polyols • Biphenyl process
Petrochemicals
Research Articles • Methacrylic acid
5
Bio-fuels / • Bioremediation • Efficient cellulose enzyme complex
Book Chapters • Bio-ethanol process • Waste plastic road
Environment
• Bio-butanol process • Refinery sludge valorization
22Gas Business
Supply
• LNG supply security:
• Long term tie ups of 0.85 MMTPA valid till 2028 at Dahej
• 0.56 MMTPA valid till 2036 at Kochi • 2 more GAs rewarded in FY19
• 1 MMTPA LNG tied up from Mozambique starting 2024 for in the 10th Round
15 years.
• Also, Short Term /Spot volumes ranging from 0.80 to 1.0 MMTPA 2019
are tied up based on demand. • Formation of Wholly owned subsidiary-
City Gas Distribution BGRL for better focus on gas business
• Bagged 11 GAs in 9th Round
• 37 Geographical Areas (GAs) which it operates either as 2018
wholly-owned or through JVs with other companies. • Foray into Bulk Gas Marketing with
• CNG commissioned in Rohtak District and CNG & PNG Commissioning of PLL’s LNG Terminal at
commissioned in Rupnagar District Dahej (GJ).
Upcoming Project 2004
• Entry into Gas business through IGL (JV of GAIL &
• Liquefied-CNG Pilot Project being undertaken at BPCL)
• Entered JV to form Petronet LNG
Aurangabad, Maharashtra (commissioning by
February, 2021) 1998
23BPRL’s Upstream
BPCL Evolution Story over the years… Story over
the years…….
2019
2018
2017
2016 Overseas
Onshore
2013 Operatorship
Entry in Lower – Abu Dhabi
Declaration of Zakum
2012
Commerciality
Russian approved in
Acquisition Operatorship
2010 Schedule B block
Lead
operator
2009
Shale gas
entry Australia
Indonesia
2008
entry
Brazil
& Mozambique
acquisition
2006
Formation
of BPRL
Formation of E&P
2003 setup in BPCL
24Upstream - Global Spread
2 TYNGD
Russia
2 Vankorneft
4 Cauvery Basin*
3 Rajasthan Basin
India 3 Cambay Basin**
2 Assam-Arakan
2 Mumbai Basin
Indonesia 1 Nunukan
Production
1 Lower Zakum
Development UAE
1 Onshore 1
Exploration / Appraisal
Mozambique 1 Area 1
* 1 block in in Cauvery Basin is in
Production, the rest are in Exploration /
Development
** 2 blocks in Cambay Basin in in 2 BM-SEAL-11 Australia 1 EP413
Development, the rest is in Exploration Brazil 1 BM-C-30
2 BM-POT-16
25 BPCL pursues its Upstream Business through its wholly owned Subsidiary Company –
Bharat PetroResources LimitedGlobal Upstream Footprint
Partnership with established Oil and Gas operators expected to generate optimal returns for BPCL.
Within India Brazil Australia
BPCL Other BPCL Other
Block Operator Block Operator BPCL Other
Stake Partners Stake1 Partners Block Operator
Stake Partners
NELP—IV BM-SEAL-11
Petrobras 20.0% Videocon AWE Perth Pty
CY/ONN/2002/2 ONGC 40.0% ONGC (2 blocks) EP-413 Norwest 27.8%
Limited
NELP—VI
BM-C-30 Videocon,
CY/ONN/2004/2 ONGC 20.0% ONGC BP 17.85%
(1 block) Total
NELP—VII
BM-POT-16 Videocon,
RJ/ONN/2005/1 HOEC, BPRL 33.33% IMC Petrobras 10.0%
(2 blocks) Petrogal, BP
NELP—IX
GAIL, EIL, BIFL, Mozambique Russia
CB/ONN/2010/11 25.0%
BPRL MIEL BPCL Other BPCL
Block Operator Block Operator Partners
AA/ONN/2010/3 OIL 20.0% ONGC Stake Partners Stake2
BPRL, EIL, BIFL, PTTEP, Rosneft,
CB-ONN-2010/8 25.0% Vankorneft 7.887
GAIL MIEL Mitsui and Vankorneft OIL, IOCL,
(2 licenses) %
DSF Mozambique Co., ENH, ONGC
Total 10.0%
CY/ONDSF/KARAIKAL/2
Rovuma Basin OVRL,
BPRL 100% - BREML TYNGD 9.867 Rosneft, BP,
016 TYNGD
(2 licenses) % OIL, IOCL
RJ/ONDSF/BAKHRI (OVL+OIL)
BPRL 100% - United Arab Emirates
TIBBA/2016
BPCL
MB/OSDSF/B15/2016 BPRL 100% - Block Operator Other Partners
Stake3 Indonesia
MB/OSDSF/B127E/2016 BPRL 100% - BPCL Other
CNPC, INPEX, ENI, Exploration Block Operator
RJ/ONDSF/SADEWALA/ Lower Zakum ADNOC 3% Stake Partners
BPRL 100% - Total
2016
Nunukan PSC Pertamina 12.5% Videocon
OALP Urja
Onshore 1 50%
Bharat
CB-ONHP-2017/9 BPRL 60% -
CY-ONHP-2017/1 ONGC 40% - 1. BPCL’s effective stake held through 50:50 JV with Videocon.
AA-ONHP-2017/12 OIL 10% - 2. BPCL’s effective stake held through SPV with OIL & IOCL
26 3. BPCL’s effective stake in Lower Zakum held through SPV with ONGC
26 Videsh & IOCL and in Onshore 1 through SPV with IOCLBPCL’s Strategic Vision
Go-GDP Approach to Excellence
GO GLOBAL GO GREEN GO DIGITAL GO PETCHEM
•Expanding global •EV Charging solution •Digitalization of •Mfg. niche petchem
footprints in Lubes, •Biogas generation refineries through products as import
Retailing, aviation, from waste AR/VR,AI substitutes
bunkering, trading, •Solar & Wind Energy •Digitally driven •Expanding
Consulting Services for captive power unified customer petrochemicals
•Export Lubes to 25+ (10% energy experience to drive portfolio further
countries by 2025 requirement) cross/upsell
LEVERAGING
TECHNOLOGY INFRASTRUCTURE PEOPLE SAFETY & SERVICE
27Awards & Recognition
Among top 20 Global Oil and Gas refining and marketing Cos
BS VI & IMO Compliant Refinery
Oil Marketing - Company of the Year 2019
Flexibility to process low & high sulphur Crude
Sustainability Award for the Best Green Product Petrochemical
sector 2019
Consistently, refining throughput exceeds designed capacity
Winner under Process Innovation Leadership Awards -
Frost & Sullivan PERP 2019
Ongoing Projects- PDPP, MSBP, Polyols, HTPL
Digital PSU Award at the 7th PSU awards- Governance Now
GRM of $5.6/bbl during FY 20 and $9.8/bbl during FY19
Integrated Refinery Expansion Project – the Top Refining Project of
the Year 2019- Hydrocarbon Processing journal.
Thank you!
1. PRSI: Public Relations Society of India
2. Federation of Indian Petroleum Industry- *Best Project Management Company 2018*
3. Golden Peacock (Institute of Directors) awarded BPCL *Excellent Corporate Governance 2018*
283. Industry Overview
India – Attractive
BPCL Evolution Industry Dynamics
Significant potential for domestic O&G companies given low per-capita oil consumption and growing demand.
Oil: Consumption in thousands Indian Oil Demand
of barrels per day* Million Tonnes
1449 83.5
Singapore
1419 FY19 28.3
24.9
13525
China
12840
81.1
1094 FY18
Australia 26.2
1055
23.3
200
UK
207 76.0
2321 FY17 23.8
Germany
2443 21.5
3081
Brazil 74.6
3052
FY16 21.8
20456
US 19.0
19958
5156 69.3
India
4870 FY15 19.1
0 5000 10000 15000 20000 17.6
2018 2017 Diesel Petrol LPG
Source: BP Statistical Review of World Energy 2019 Source: PPAC
30Indian Oil Industry
BPCL Evolution
Positive Policy actions
• Petrol Prices De-regulated completely
• Gasoil (Retail) – Deregulation announced effective 19th October
2014
• Gasoil – Bulk sales completely deregulated since January 2013
• Restricted supply/Targeted subsidies for cooking fuel products
• LPG DBTL scheme - Domestic LPG fully enrolled
• SKO PDS DBTK scheme – launched on pilot basis in 4 districts
and now implemented in the state of Jharkhand
• Govt. has consistently compensated OMCs including BPCL for
under recoveries and ensured reasonable profitability
31 Strategic position in the Indian economy with way to deregulation of fuel sector in the countryBPCL Evolution
Thank You
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