Indian Oil Corporation (IOC) is considering setting up its eighth refinery in a western-coast state by 2021-22.
Category: Oil & Gas
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India to bid for shale gas exploration
In order to meet the growing energy needs, India will lauĂÂnch its maiden bid round for exploration of shale gas during the 12th Plan period (2012-17). As per the available data, six basins - Cambay (in Gujarat), Assam-Arakan (in the North-East)
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ONGC looks for foreign partnership in oil hunt
The state-run ONGC is exploring the possibilities of a tie-up with gloĂÂbal companies to boost its domestic deep-water hydrocarbons hunt. On offer are 19 oil and gas acreages, including the east coast ultra-deepwater gas diĂÂsĂÂcovery
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RIL, BP ink gas joint venture
Reliance Industries (RIL) and BP have set up India Gas Solutions, a 50:50 joint ventĂÂure company, to globally souĂÂrce and market natural gas in India. It will also develop infrastructure for transportation and marketing of the gas.
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Petrobras to increase exports to India
Brazilian national oil exploration firm Petrobras is in negotiations to increase crude oil exports to Indian refineries. Increasing export quantities to India would depend on negotiations.
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RIL plans $2.33 bn investment
ONGC has sought 2,000 acre from the Maharashtra government at Dahanu to set up a gas-processing plant. The corporation has another plant at Uran.
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India seeks more oil and gas from Qatar
India has sought additional quantities of crude oil and LNG from Qatar. Currently, India has a long-term contract for importing 7.5 million tonne per annum of LNG from Qatar at Petronet LNG's Dahej terminal.
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India, Vietnam sign pact on oil & gas cooperation
ONGC Videsh (OVL), and the Vietnam oil and gas group PetroVietnam (PV) have signĂÂed an agreement on cooperation in the field of oil and gas. The framework agreement was signed in the presence of Prime Minister Manmohan Singh and Vietnamese President Truong Tan Sang, who was on a visit to India.
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GAIL pipeline to supply gas to Sindri plant
Gas Authority of India's (GAIL) pipeline from Jagdishpur in Uttar Pradesh to Haldia in West Bengal via Jharkhand is going to be a boon for the closed Sindri fertiliser factory, other industries and domestic consumers on the line.
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Gas demand to more than double by 2017
India's natural gas demand is set to more than double by 2016-17 with most of incremental demand coming from power plants. As per the projections made by Oil Ministry for the 12th Five Year Plan (2012-13 to 2016-17),