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
Tag: Crude Oil
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Essar Oil raises refinery capacity
At a presentation to analysts, Essar Oil said it
stabalised operations at its Vadinar refinery in Gujarat at an expanded capacity of 20 million tonne per annum (mn
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Ministry aims to reduce oil import
Petroleum Minister M Veerappa Moily said the government plans to reduce the import dependence for crude
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Oil futures decline on subdued economic condition
At the international market, crude oil prices declined in recent session because of expectation that the subdued world economic condition may
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Fall in output hits earnings of OVL
According to a company statement, for the Apr-Sep 2012 period, the net profit and sales of ONGC Vides
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OMCs to revise petrol price
Oil Marketing Companies (OMCs) would revise the price of petrol soon in view of the changes in the rupee exchange rate, international gasoline prices
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Ministry may urge ONGC to decommission project
Agency reports suggest that the union environment ministry would urge ONGC to decommission an abandoned pipeline project in the Nagapattinam district of T
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Pratibha Shipping may seek funds from banks
Media reports suggest that Pratibha Shipping approached a few banks to secure funds for undertaking salvage operations of its small oil tanker and to meet othe
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Minister hopes RIL would comply with audit
Union Petroleum Minister M Veerappa Moily expressed hope that Reliance Industries (RIL) would comply with the audit by Comptroller & Auditor General (CAG
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Ministry to protect govt interest in RIL issue
Union petroleum ministry said it would continue to protect the government's interest in all force in the matt