BPCL to open office in Singapore to participate in crude oil trading

In a bid to expand its global reach and participate in crude oil trading, Bharat Petroleum Corporation (BPCL) is planning to open an office in Singapore. The Singapore office will also help the company trade in energy derivatives, international financing and other joint ventures that the company may plan in the future. Moreover, the trading desk at Singapore would allow the company to enhance its information gathering on crude oil and ensure flexibility. BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.