In its ships at Indian ports, Iran has offered Indian government-owned refineries nominal discounts in price as well as free deliver of oil. While free shipping alone could save Indian refiners about $1 per barrel in transportation cost, the discount in price would boost margins on processing Iranian oil.
Tag: Indian government-owned
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Gail India talks to Qatar to buy 3 mn tonne LNG
To secure 3 million tonnes of LNG at a price lower than the offered $14 per unit, Indian government-owned natural gas processing and distribution company Gail India is negotiating with gas-rich Qatar. Gail India is offering to help Qatar Petroleum to buy 5 per cent equity in Petronet LNG. Gail India wants a price of $12.5 per unit for LNG.
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Gail to export gas to Pak, says Indian Govt
To export natural gas to Pakistan through a pipeline from Punjab, Indian government-owned gas utility GAIL India will enter into contract with a Pakistani firm, the Indian government has said.
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AI extends deadline for $500 mn bridge financing offer
As the lenders not showing much interest, Indian government-owned Air India has extended its $500-million bridge financing offer by one week to July 12. Air India is planning to raise the money to pay for the five Dreamliners, which are to be delivered beginning this month through December. The airline had extended the last date to July 12 from July 5, according to AI sources.
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No tax sops for ONGC-owned Imperial Energy in Russia
Russia has rejected special tax concessions to Indian government-owned Oil & Natural Gas Corp's (ONGC) Siberia-focused firm Imperial Energy. India had been pressing for tax concessions to Imperial Energy to make up for the prohibitively high cost of extraction from tight oil assets in Siberia because of bad terrain, cold climate and killer taxes.