Union Petroleum Minister M Veerappa Moily informed that state-run oil firms ONGC and Bharat Petroleum Corp (BPCL) would enter into a memorandum of understanding (MoU) for setting up a Liquefied Natural Gas (LNG) terminal at Mangalore. The MoU would be signed in the next 15 days, the minister said after commissioning a Rs 4,500-crore pipeline from Dabhol LNG terminal to Bangalore set up by GAIL
Tag: BPCL
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BPCL set to begin work on refinery project
Bharat Petroleum Corporation (BPCL) is set to begin work on the Rs 14,000-crore integrated refinery expansion project at its Kochi facility. BPCL roped in LG Chemicals of South Korea as its joint venture partner for the petrochemicals complex, whic
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State-owned OMCs asked not to invest on petrol pumps
According to a government order, which was approved by the Oil Minister M Veerappa Moily, henceforth state-owned oil marketing companies (OMCs) will not invest in opening of new retail outlets and the investment is to be made by prospective dealers only. The order further states that the state-owned OMCs can set up petrol pumps only when the dealer is willing bear the Rs 1-1.5 crore cost of a
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Refining capacity of BPCL may rise
Reports indicate that the refining capacity of downstream oil company Bharat Petroleum Corporation (BPCL) may rise to 40 mn t by 2015. Recently, the company commissioned a six-mn t refinery in Bina, Madhya Pradesh, while gradually increasing the capacity of its Mumbai facility to 12 mn t. The company is in the process of raising the capacity of its K
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O&G Pipeline Security: Shouldn't the new Bill herald a new approach?
As pipelines face threats of protests, sabotage and even potential terror attacks, a new Bill seeks to make punitive clauses more stringent in pilferage and tampering of O&G pipelines.
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PNGRB clears GSPL grid proj
Gujarat State Petronet (GSPL) received authorisation from the gas regulator PetrolÂeum and Natural Gas Regulatory Board (PNGRB) to lay 4,000 km long pipelines on thrÂee routes at an investment of Rs 12,500 crore.
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Gas pipeline to boost natgrid
The Petroleum and Natural Gas Regulatory Board (PNGRB) today granted authoÂrisation to the State Government-controlled Gujarat State Petronet Ltd-led consortium for constructing the Mallavaram (Andhra Pradesh)-Vijaipur (Madhra Pradesh).
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PSU oil cos seek Rs 300 bn for losses
Public sector oil marketing companies have sought Rs 30,000 crore from the government as compensation to level up the revenue loss they suffered last fiscal by selling fuel at government-fixed cheaper rates.