A 15-member task force identified new location about 6 km away from Pachpadra in Barmer district of Rajasthan for the proposed Rs 37,230 crore refinery cum petro-chemical complex to be set up by Hindustan Petroleum Corporation. The new location is found to be qualitatively better than Leelala which was proposed earlier and the former is most suitable as per HPCL's Techno Commercial, Tech
Tag: Hindustan Petroleum Corporation
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Minister wants India to attain self-sufficiency in fuel by 2030
Union Petroleum Minister Veerappa Moily informed that his vision is to make India self-sufficient in the consumption of petroleum products by 2030. He said there is a need to have patience to research the country's oil reserves. He said this to reporters after laying foundation stone for the transport hub of HPCL in Mangalore. The transport hub facility by HPCL in Mangalore is spread
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HPCL may source more oil from Iraq
Hindustan Petroleum Corporation (HPCL) plans to source more crude oil from Iraq in order to compensate for the possible decline in its import from Iran. The company may have to reduce dependence on Iranian crude oil from June because it may not be able to renew insurance to process the crude thanks to the sanction from Western countries. Therefore, the public sector refiner may enter into a contract with Iraq to buy more oil from April 1, 2013. A top
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HPCL may source more oil from Iraq
Hindustan Petroleum Corporation (HPCL) plans to source more crude oil from Iraq in order to compensate for the possible decline in its import from Iran. The company may have to reduce dependence on Iranian crude oil from June because it may not be able to renew insurance to process the crude thanks to the sanction from Western countries. Therefore, the public sector refiner may enter into a contract with Iraq to buy more oil from April 1, 2013. A top
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Report suggests HPCL may post losses in 2012-13
State-run oil marketing company (OMC) Hindustan Petroleum Corporation (HPCL) may report losses in the financial year 2012-13 owing to poor refining margins, forex losses and increasing interest costs, research firm Antique said recently. The company may be able to improve its realisation only if the government raises diesel, kerosene prices, repo
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HPCL to raise $350 mn via issue of bonds
Hindustan Petroleum Corporation (HPCL) plans to raise around $350 million this year through issue of bonds to overseas investors, reports suggest. While the company is working on raising $400 million in external commercial borrowings (ECB), it plans to raise another $350 million through issue of bonds to overseas investors. HPCL is reportedly securing ratings for the bond issue
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Opportunities in transportation of LPG
Liquefied Petroleum Gas (LPG) is a mixture of commercial butane and commercial propane having saturated and unsaturated hydrocarbons. It is gaseous at normal atmospheric pressure, but may be condensed to the liquid state at normal temperature, by the application of moderate pressures. Although they are normally used as gases, they are stored and transported as liquids under pressure for convenience and ease of handling.
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Opportunities in transportation of LPG
Liquefied Petroleum Gas (LPG) is a mixture of commercial butane and commercial propane having saturated and unsaturated hydrocarbons. It is gaseous at normal atmospheric pressure, but may be condensed to the liquid state at normal temperature, by the application of moderate pressures. Although they are normally used as gases, they are stored and transported as liquids under pressure for convenience and ease of handling.
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HPCL to expedite Rajasthan project
Hindustan Petroleum Corporation (HPCL), which earlier decided to commission its nine million tonne refinery project in Ratnagiri before completing work on its Rajasthan project, has reversed the plan. Media reports suggest that the company finds it meaningful to expedite its recently planned Rajasthan project
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HPCL mulls 9 mn t refinery at Barmer
Hindustan Petroleum Corporation (HPCL) is exploring the option of setting up a 9 million tonne per annum (mn tpa) refinery at Barmer, Rajasthan in collaboration with its other partners.