<p>New Delhi: Bharat Petroleum Corp Ltd (BPCL) and explorer Oil and Natural Gas Corporation (ONGC) are jointly exploring setting up a refinery, two sources familiar with the matter said.</p><p>The talks are at a very nascent stage, the sources, who did not want to be named because they are not authorised to speak to media, said.</p>.Oil firms IOC, BPCL, GAIL fined for 5th straight quarter for not meeting listing norm.<p>BPCL plans to increase its integrated refining and petrochemical capacities within the next five to seven years to meet growing energy demand, its chairman told shareholders last week.</p><p>Both the companies declined to comment on the development.</p>
<p>New Delhi: Bharat Petroleum Corp Ltd (BPCL) and explorer Oil and Natural Gas Corporation (ONGC) are jointly exploring setting up a refinery, two sources familiar with the matter said.</p><p>The talks are at a very nascent stage, the sources, who did not want to be named because they are not authorised to speak to media, said.</p>.Oil firms IOC, BPCL, GAIL fined for 5th straight quarter for not meeting listing norm.<p>BPCL plans to increase its integrated refining and petrochemical capacities within the next five to seven years to meet growing energy demand, its chairman told shareholders last week.</p><p>Both the companies declined to comment on the development.</p>