Experts argue that the multiplicity of price points in the natural gas and petroleum sector in the country discouraged private investment.Multiplicity of price points has created market distortions in sectors such as city gas distribution, as it led to considerable differences in prices for end-consumers. There are multiple price points, depending on the source and
Category: Oil & Gas
Post
Post
Rise in world oil prices dents margin of OMCs
Owing to the recent rise in the international petrol price and depreciation of rupee, the marketing margin of Oil marketing companies (OMCs) on every litre of petrol declined considerably. During the second fortnight of November, the average international price rose to $118.64 a barrel from $113.74 a barrel in the first fortnight. The dollar-rupee exchange has
Post
Govt may offload 10% stake in Oil India by Jan 15
The 10 percent stake sale in Oil India, through which the government aims to garner Rs 2,500 crore, may be completed by January 15, reports suggest.
It is learnt that there is consensus between finance and oil ministries on the stake sale date. The oil ministry had earlier expressed reservations over bringing issues of oil sector companies "in a hurry", saying at least two offers for s
Post
Contractual opportunities with Oil India
Oil India continues to be the second largest national oil and gas company in the country in terms of total proved plus probable oil and natural gas reserves and production for the year 2011-12, SK Srivastava, the company's Chairman and Managing Director said.
Post
Contractual opportunities with Oil India
Oil India continues to be the second largest national oil and gas company in the country in terms of total proved plus probable oil and natural gas reserves and production for the year 2011-12, SK Srivastava, the company's Chairman and Managing Director said.
Post
Opportunities in transportation of LPG
Liquefied Petroleum Gas (LPG) is a mixture of commercial butane and commercial propane having saturated and unsaturated hydrocarbons. It is gaseous at normal atmospheric pressure, but may be condensed to the liquid state at normal temperature, by the application of moderate pressures. Although they are normally used as gases, they are stored and transported as liquids under pressure for convenience and ease of handling.
Post
Opportunities in transportation of LPG
Liquefied Petroleum Gas (LPG) is a mixture of commercial butane and commercial propane having saturated and unsaturated hydrocarbons. It is gaseous at normal atmospheric pressure, but may be condensed to the liquid state at normal temperature, by the application of moderate pressures. Although they are normally used as gases, they are stored and transported as liquids under pressure for convenience and ease of handling.
Post
Land Search For IOC Project
Indian Oil Corporation (IOC) is said to be searching a site for its proposed 15 million tonne refinery on the west coast. The company has reportedly approached Adani Group and Shapoorji Pallonji Group for land for the Rs 30,000 crore project. The refinery is to come up by the 13th five year plan and the firm plans to raise its refining capacity to 100 million tonnes by 2021-22.
Post
CPSEs have Rs 2.84 trillion cash
Minister of heavy Industries and Public Enterprises Praful Patel informed Lok Sabha that Central Public Sector Enterprises (CPSEs) have Rs 284,153.22 crore cash and bank balances at present. Further, it is learnt that 17 state-run firms, including, ONGC, OIL and NTPC, committed to invest over Rs 1.63 lakh crore during 2012-13
Post
Rs 622 cr SPM project gets CCI nod
According to a government statement, the proposed Single Point Mooring (SPM) and allied facilities for import of crude oil at the Kandla port received clearance from the Cabinet Committee on Infrastructure (CCI). The Rs 621.53 crore project would increase its capacity by 12 million tonne per annum (mn tpa) to 104 mn tpa and it would be set up off Veera (outside Kandla creek) in Gulf of Kutch at