Fearing national loss of revenue due to tax concessions given to Paradip refinery of Indian Oil Corporation (IOCL), the Odisha Government has sought review of the MoU with the company.
Category: Oil & Gas
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Punj Lloyd gains on winning pipeline contract in Turkey
Shares of Punj Lloyd were up over 6 per cent at Rs.25.55 on the BSE after the company said it has won the 459km of the 48-inch diameter Trans Anatolian Natural Gas Pipeline (TANAP) in Turkey worth Rs.2,780 crore (US$ 409 million) in joint venture with Limak (50-50) share.
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IL&FS Engineering bags Rs.52.4-cr GAIL contract
IL&FS Engineering and Construction Company Ltd has received the Letter of Acceptance (LoA) from Gas Authority of India Ltd (GAIL) for laying and construction of a pipeline along with associated works for a pipeline replacement project in Gujarat.
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oil & gas – The demand for oil
The International Energy Agency (IEA) estimates global oil demand to be highest in five years on weak oil prices. Global refining margins are up 30 per cent year-on-year (YoY)
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Cairn moves HC for contract renewal
Cairn India has approached the Delhi High Court seeking early government decisions on renewing its production sharing contract (PSC)
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Will protect ONGC´s interest in row: Pradhan
Oil Minister Dharmendra Pradhan has vowed to protect government and ONGC´s interest on the issue of its natural gas from Bay of Bengal
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Intellectuals Aboard
More than a year after it sacked three UPA-appointed independent directors on ONGC board, the government has appointed ex-IFS Ajai Malhotra
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IL&FS Maritime Infrastructure
Indian Ports comprising 13 Major and 187 Non Major ports form the backbone of the EXIM trade in India and handle 95 per cent by volume and 70 per cent by value of the trade.
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Paradip plant to be major petrochem feedstock supplier: IOC
The upcoming refinery of state-run Indian Oil Corporation (IOC) at Paradip would be a major producer of feedstock for the downstream petrochemicals industry, a top official of the company said.
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Oil & gas block auction policy to be ready by FY16: Pradhan
Government expects to finalise the new policy for auction of oil and gas blocks during the ongoing financial year, Oil Minister Dharmendra Pradhan said.