It makes sense for government-owned refiner Hindustan Petroleum (HPCL) to merge with Mangalore Refinery and Petrochemicals (MRPC) after it completes its merger with state-run explorer Oil and Natural Gas Corporation, said MK Surana, chairman and managing director of HPCL. The two companies have a combined capacity of about 1 million barrels per day (bpd) at the refinery in Mangalore. Both refine crude oil and natural gas.
It makes sense for government-owned refiner Hindustan Petroleum (HPCL) to merge with Mangalore Refinery and Petrochemicals (MRPC) after it completes its merger with state-run explorer Oil and Natural Gas Corporation, said MK Surana, chairman and managing director of HPCL. MRPL is 71% owned by ONGC. Both refine crude oil and natural gas.