Mumbai, Aug. 12 -- Two state-run energy companies, Bharat Petroleum Corporation Limited (BPCL) and Oil and Natural Gas Corporation Limited (ONGC), are expected to finalise detailed feasibility reports (DFRs) for their planned greenfield refineries over the next seven to eight months. A final decision on Saudi Arabia's potential investment in these projects will be taken once the reports are completed, a senior government official told Moneycontrol.

BPCL's nine million metric tonne per annum (MMTPA) refinery is under development in Andhra Pradesh's Nellore district, while ONGC's facility is planned for Jamnagar district in Gujarat.

According to the report, Indian state-run oil firms are negotiating with Saudi Arabia for a crude oil suppl...