IL&FS Group has had a long association with the infrastructure sector specifically in the promotion and development of greenfield projects. The Group's maritime division IL&FS Maritime Infrastructure Company Ltd (IMICL)
Tag: gasoline
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BPCL to export naptha
Bharat Petroleum Corp (BPCL) intends to export 35,000 tonne of low aromatic naphtha for July 5-8 loading from Kochi. For this purpose, the state-run oil marketing company (OMC) has issued tender and invited bids from traders till June 11. Meanwhile, the firm is in the process of importing gasoline
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Chinese bank to lend Essar Energy in return for fuel
China Development Bank (CDB) agreed to lend $1 billion to Essar Energy in return for export of high-end Euro 5 grade gasoline and other petroleum products from the latter's Vadinar refinery to PetroChina. PetroChina is the listed arm of China National Petroleum (CNPC), the nation's largest oil company by production
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Oil price rises on geopolitical risks
The recent geopolitical tension in the middle east led to upward pressure in the price of crude oil in the international market. Investors feel that the outbreak of violence between Israel and Palestine in the middle east may cause supply disruption of crude oil. This caused oil futures to rise over 2 percent in recent trading sessions and it was reportedly trading at its highest price
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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