An expert panel has begun work on drafting a blueprint for raising India´s oil refining capacity by 2040 with a view to not just meet demands of the fast expanding economy, but also to capture the export market. The 12-member Working Group for preparing an Approach Paper for enhancing refining capacity by 2040 held its first meeting on June 27, officials said.
Category: Oil & Gas
Post
Post
Petrol price cut by 89 paise per litre, diesel cheaper by 49 paise per litre
Petrol price was cut at the beginning of July by 89 paise a litre and diesel by 49 paise a litre, the first decrease in rates in two months. Petrol will cost Rs.64.76 a litre in Delhi as compared to Rs.65.65 per litre currently, Indian Oil Corp, the nation´s largest fuel retailer, announced. Similarly, diesel will cost Rs.54.70 per litre as against Rs.55.19 a litre.
Post
Ujjwala beneficiaries cautioned on scamsters
The Ministry of Petroleum and Natural Gas has appealed to the beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY) not to be influenced by unscrupulous agencies in getting LPG connections.
Post
GAIL begins gas supplies to Wanfeng
GAIL has begun supplying gas to the India unit of the world´s largest automotive aluminium wheel producer Wanfeng Group. Gas supplies to Wanfeng Aluminium Wheels (India) Pvt Ltd´s plant at Rewari in Haryana commenced on June 27, company sources said.
Post
Kirloskar partners with Gulf Petro
UAE-based Gulf Petrochem has partnered with a subsidiary of Indian conglomerate Kirloskar Group to launch a specialised diesel engine oil in the Middle East and African markets.
Post
Mahanagar Gas makes strong debut
Mahanagar Gas (MGL) has listed at Rs.540, a 28 per cent premium against issue price of `421 per share, on the National Stock Exchange (NSE). The stock hit a high of 549 within minutes of listing. It also touched a low of Rs.532 in intra-day trading.
Post
Ruias plan to sell another 25per cent stake in Essar Oil
After stitching a deal to sell 49 per cent stake in Essar Oil to Russia´s Rosneft, the Ruia family is looking at selling another 25 per cent stake in the company to an oil trader or a strategic investor like Saudi Aramco.
Post
Essar settles $500 mn Iran oil bill
Essar Oil, the top Indian buyer of Iranian oil, in June cleared $500 million of a debt owed to Tehran, two sources with direct knowledge of the matter have said.
Post
Essar Group eyes sale of Gujarat refinery | Sources
Essar Group is exploring the sale of its 405,000 barrel-per-day oil refinery in Gujarat, as the conglomerate seeks funds to reduce its debt, two sources familiar with the matter said.
Post
Urban toilet mission falls way short of target
In what should come as a wake-up call for the government, construction of household toilets in urban areas in 2015-16 achieved just 54 per cent of the target.