Soon state-run oil marketing companies (OMCs) - Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation -would receive notices on alleged cartelisation, said Ashok Chawla, Chairman of the Competition Commission of India (CCI). Speaking on the sidelines of a conference, Chawla said. the CCI has taken up the issue after the government clari
Tag: supply
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State-run OMCs to get notice from CCI on cartelisation probe
Soon state-run oil marketing companies (OMCs) - Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation -would receive notices on alleged cartelisation, said Ashok Chawla, Chairman of the Competition Commission of India (CCI). Speaking on the sidelines of a conference, Chawla said. the CCI has taken up the issue after the government clari
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Minister commissions Gail’s 1,000 km pipeline project
Recently, Union Petroleum minister M Veerappa Moily commissioned the 1,000-km-long pipeline set up by public-sector gas transmission major GAIL to transport natural gas from Dabhol in Maharashtra to Bangalore. Following this, GAIL started delivering gas to its customers in Bangalore through the pipeline. Toyota Kirlo
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Minister commissions Gail’s 1,000 km pipeline project
Recently, Union Petroleum minister M Veerappa Moily commissioned the 1,000-km-long pipeline set up by public-sector gas transmission major GAIL to transport natural gas from Dabhol in Maharashtra to Bangalore. Following this, GAIL started delivering gas to its customers in Bangalore through the pipeline. Toyota Kirlo
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OPEC slightly revises up oil demand forecast for 2013
The Organization of Petroleum Exporting Countries (OPEC) has marginally revised up the demand forecast for crude oil in 2013 to 89.68 million barrels per day from 89.55 mbd estimated a month ago. Estimated oil demand for 2012 is also revised up to 88.84 mbd from 88.80 mbd estimated in January by the organisation which accounts for about 35.0 percent of glob
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OPEC slightly revises up oil demand forecast for 2013
The Organization of Petroleum Exporting Countries (OPEC) has marginally revised up the demand forecast for crude oil in 2013 to 89.68 million barrels per day from 89.55 mbd estimated a month ago. Estimated oil demand for 2012 is also revised up to 88.84 mbd from 88.80 mbd estimated in January by the organisation which accounts for about 35.0 percent of glob
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AP CM requests centre to allocate gas
Andhra Pradesh Chief Minister wants union oil ministry to take immediate steps to ensure sufficient natural gas supply to the state and help overcome the power shortage. The chief minister requested Prime Minister Manmohan Singh to direct oil ministry to boost gas supply for the state. He made this request when he met the Prime
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Crude oil price rises on strong economic data
International crude oil price rose marginally in recent trading sessions on the back of positive economic data from the US and the Europe. Recent data from the US shows rebound in its serv
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JSPL plans to raise holding in Gujarat NRE’s Aussie unit
Jindal Steel and Power (JSPL), which holds 19.48 per cent stake in Gujarat NRE Coking Coal, the Australian unit of Gujarat NRE Coke, plans to raise its holding in order to comply with the regulation of the Australian stock exchange. According to the regulation, the company has to go to the public to raise its stake to over 20 per cent. Rec
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NMDC decides not to hike iron ore price for Feb
Anticipating decline in demand, National Mineral Development Corp (NMDC) decided not to raise price of iron ore and maintain it at Rs 5,060 ($95.01) per tonne for lumps, and Rs 2,610 per tonne for fines for February. It may be recalled that the country's biggest iron ore producer reduced prices by up to 6 per cent last month. It is lea