Energy Risk Manager of the Year, Asia – Highly Commended: Bharat Petroleum Corporation
Bharat Petroleum Corporation Limited (BPCL) earns the title of Energy Risk Manager of the Year, Asia – Highly Commended for its high-level commitment to energy risk management and a series of ground-breaking achievements in India.
Its derivatives desk, set up in 2005 mainly to cover refinery margins, hedged around 10% of its production volume in the first year and has grown that to around 40% of refining production today. In a short period, BPCL took a leading position in the field of risk
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