Indian Oil Corporation has sold 18,000-20,000 tonnes of naphtha for Oct 29 to Nov 3 loading from Kandla after cancelling a previous tender for the same cargo due to low bids, traders said.
Category: Oil & Gas
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New gas-based plant at Yelahanka to start in 2018
Next time the thermal power plants in Udupi and Ballari stop production owing to technical problems, Bengaluru may not have to face power cuts. It´ll be in a more comfortable position once production begins in 2018 at the 350-MW gas-based power plant coming up in Yelahanka.
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Foreign fleet owners may gain
An Indian cabinet decision to decentralise shipping arrangements for import of cargo owned or controlled by government departments and state-owned firms will remove an assured business opportunity for local fleet owners.
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ONGC tender flooded with offers
State-run Oil and Natural Gas Corp (ONGC) has been swamped with offers in a tender it floated for hiring five deep sea rigs for its KG-basin gas block campaign.
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IndianOil targets full automation
IndianOil is on a programme to ensure all its outlets in the country are fully automated in five years. IOC has about 25,000 petrol pumps of which 8,800 are automated. Declaring its 53 petrol pumps in Coimbatore
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MSRTC files pliant against HPCL, BPCL, IOC
The Maharastra State Road Transport Corporation (MSRTC) has complained to state Legal Metrology Department (LMD), accusing HPCL, BPCL and IOC of ´short delivery´. Chief Vigilance Officer (CVO) of MSRTC Vineet Agrawal said a complaint was lodged with LMD on September 19.
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Govt slashes natural gas price by 16%
The government, at end September, cut natural gas prices by 16 per cent to $4.24 per unit for the six month period, beginning October 1. The price cut is the second reduction in rates ever, the first being on April 1.
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Refiners to pay 1st tranche of $700 mn to Iran
India is to pay Iran $700 million to clear one-tenth of oil dues in the last week of September, the first payment this year ahead of easing of international sanctions against the Persian Gulf country.
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LNG terminal on the back burner
Two years after Oil and Natural Gas Corporation (ONGC), with its consortium partners Bharat Petroleum Corporation Limited (BPCL) and Japanese conglomerate Mitsui, signed a memorandum of understanding (MoU) to set up a regasification liquefied natural gas (LNG) terminal at New Mangalore Port, the project is again on the back burner.
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Highest loading of crude oil at JNPT
The highest loading of crude oil in the current financial year was achieved on September 21, in the vessel MT Abul Kalam Azad belonging to Shipping Corporation