PSU refiners, who account for about two-thirds of the country´s oil processing capacity, are seeking more flexibility in import contracts as they look to tap new sources of supply flushed out by the US shale boom. India, the world´s fourth-biggest oil consumer with refining capacity of 4.3 million barrels per day, imports 80 per cent of its crude needs and has traditionally relied on the Middle East for heavy oil supplies and West Africa for lighter, sweet crude.
FlashNews:
India moved from power scarcity to sustainability, says Piyush Goyal
GM Rao Urges Andhra University Alumni to Drive Innovation, Entrepreneurship and India Growth Story
India Begins Hydrogen Car Trials as Minister Joshi Drives Toyota Mirai to Parliament
MNRE Refutes Financing Pause; Calls for Expansion into Upstream Solar Manufacturing
IndiGrid to Acquire Gadag Transmission for ₹3.72 Billion
India Launches First All‑Electric Tug at Deendayal Port, Accelerates Green Maritime Shift
Bharatmala Pariyojana Executes 61% of Phase‑I Highway Targets, Boosts Freight Speed and Connectivity
Waaree Tops India’s Solar Module Shipments in Q3 2025, Reinforces Global Competitiveness
AISATS Expands Nationwide, Launches Ground Handling at Cochin Airport with Future‑Ready Tech
TIL Bags ₹2 Billion Orders Across Defence and Logistics, Validates Dual-Sector Strategy
Indian Railways to Roll Out OTP‑Based Tatkal Window Tickets Nationwide to Curb Misuse
Sanchar Saathi Row: Scindia Defends App as Voluntary, Transparent and Consumer‑Protective Amid Privacy Debate
REIAs Issue 67.5 GW Renewable Energy LoAs Since April 2023 with Zero Cancellations: Joshi
Rail Freight Rises 4.2% in November as Steel, Iron Ore and Fertiliser Volumes Surge
NHAI Partners Reliance Jio to Launch Telecom‑Based Safety Alerts on National Highways
Delhi Airport Becomes India’s First Water‑Positive Major Aviation Hub
Civil Aviation Minister Confirms GPS Spoofing at Delhi Airport; Cyber Threats Spread to Major Hubs
India’s Power Capacity Crosses 505,000 MW, Clean Energy Transition Accelerates
Air India Express Launches Twice-Daily Nagpur-Bengaluru Flights, Expands Maharashtra Network
Home » State marketing cos for flexible deals
State marketing cos for flexible deals
Oil & Gas
December 1, 2014December 1, 2014
Leave a Reply
You must be logged in to post a comment.