Ignoring the suggestion of the union tribal affairs ministry, Odisha government plans to conduct gram sabhas in only 12 villages of Kalahandi and Rayagada districts to decide whether to allow bauxite mining at Niyamgiri hills by Vedanta Group. The state government will conduct gram sabhas on July 18 and August 19. Earlier, the union tribal ministry suggested the state gove
Tag: refinery
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New location found for Rs 372 bn project of HPCL
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
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IOC expects Paradip project to be over by October
M Vijaywargiya, Executive Director of Indian Oil Corporation's (IOC) Paradip refinery project informed reporters that 93.2 per cent work on the Rs 29,777-crore project has already done. He said the Rs 29,777-crore project is scheduled to be commissioned in Sepetmber-October this year. More than 500 engineers and officers of IOC are toiling round the clock at the project site, he said adding the refinery would be the most modern export-orientated processing unit and IOC'
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Finance ministry to decide on oil ministry’s proposal
Union finance ministry will decide on the proposal of petroleum ministry to use Rs 1,000 crore from the the Oil Industry Development Board (OIDB) fund for setting up a proposed insurance fund. The oil ministry proposed to set up a fund to provide insurance to local refining companies that use Iranian crude oil as re-insurance companies from West
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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
from
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IOC to invest Rs 110 bn
The capital expenditure of Indian Oil Corporation (IOC) is pegged at Rs 11,000 crore during 2013-14.
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IOC develops new technology to produce bio-diesel
According to an official statement of Indian Oil Corp (IOC), the firm developed and commercialised a technology to produce bio-diesel from non-edible oil extracted from plants like Jatropha. The company expects to convert the non-edible oil into bio-diesel at its existing Diesel Hydrotreating (DHDT) units in a petroleum refinery
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A unit of MRPL’s refinery may be closed for maintenance
According to source-based information, Mangalore Refinery and Petrochemicals would shut a part of its coastal refinery facility in Karnataka for up to 25 days to conduct maintenance activity. It is learnt that the state-run firm may shut 144,000 barrels per day (bpd) crude unit, which is one of the three units in the coastal refinery, for up to 25 days. CDU II will be s
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House panel suggests JV firm for oil import
The Parliamentary standing committee on petroleum and natural gas suggested the formation of a joint venture firm by all the state-run refiners who import crude oil from abroad. The proposed joint venture firm, that would be promoted by all the interested state-run refiners, must be entrusted with the work of importing of crude oil requi
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Private refiners seek sovereign guarantee for oil import
Media reports indicate that the energy insurance pool of Rs 2,000 crore that was formed by the central government for refineries processing Iranian crude oil is not found sufficient by some private refineries. For example, Essar Oil, which has to import oil from Iran for processing it in its Gujarat refinery, is seeking
sovereign guarantee from the Indian government for the impo