India’s BPCL to Invest $11 Billion in New Refinery Complex

India’s Bharat Petroleum Corporation Ltd (BPCL) plans to invest as much as $11 billion in a new refining and petrochemical complex in south India, the chairman of the country’s second-largest fuel retailer told Reuters in an interview. “We feel there is a big opportunity in refining sector. India's primary energy demand itself is also going to increase three to four times as its economy expands,” BPCL chairman G. Krishnakumar told Reuters this week. The refiner has already launched some preliminary work on the project, including…