Aramco, OIL Eye Stakes as BPCL Opens Andhra Refinery to Partners

• BPCL plans to dilute 30-40% equity in its proposed greenfield refinery project in Andhra Pradesh.
• Saudi Aramco is expected to acquire a 20% stake, while Oil India Ltd (OIL) may take 10%.
• The refinery-cum-petrochemical complex is planned near Ramayapatnam port in Nellore district, with 6,000 acres allotted.
• Estimated investment exceeds Rs 96,000 crore for 9-12 MTPA capacity; DFR expected by February end.
• The project aims to meet rising domestic fuel demand and boost petrochemical exports.

Why It Matters: BPCL seeks partners for its Andhra refinery, with Aramco and OIL likely to invest.