March 24, 2026 [Reuters]- India’s state-run Bharat Petroleum Corp has appointed its international trade head, Manoj Heda to lead its Singapore-based trading unit, the company said on Tuesday.
BPCL incorporated a wholly-owned unit Bharat Petroleum Global Energy Services (Singapore) Pte. Ltd., on February 26, 2026, in Singapore, it said.
The new entity will set up a “trading desk for trading in crude oil, natural gas, petroleum and other petrochemical products” and associated activities, it said.
The unit is expected to start operations in April, sources said earlier on Tuesday.
Manish Parikh will be the chief financial officer, the sources added.
The sources declined to be identified as the appointments have not been publicly announced.
Heda, who joined BPCL in 1999 as a senior manager for finance, has been an executive director for international trade and risk management since May 2023, according to his LinkedIn profile.
BPCL Chairman Sanjay Khanna in January said that the new entity will help identify opportunities to buy crude for BPCL and also expand the company’s presence in the trading of liquefied natural gas and refined fuels.
BPCL controls about 706,000 barrels per day of crude capacity across three refineries and is looking to build a new refinery in the southern Indian state of Andhra Pradesh.
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