Asia end-user of the year: Bharat Petroleum

Indian state-owned refiner has coped well with market and regulatory risk

Chandra Dev Singh - Bharat Petroleum
Chandra Dev Singh, Bharat Petroleum

Bharat Petroleum enjoys a reputation for having a consistent and effective hedging programme. In part, that's down to the Indian national oil company's ability to adapt to changing conditions in the market, as well as in the global regulatory environment.

The Mumbai-based firm operates four refineries in India, with an aggregate capacity of approximately 30 million tonnes per year. The company also has interests in exploration and production, and owns 19 exploration blocks in countries including

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