Indian Oil & Gas companies are expected to report healthy operating profits for the third quarter ended December 2017 on the back of inventory gains, increased refinery throughput, higher crude realization and higher gas transmission volumes.
Global clean energy investments rose a marginal 3 per cent to $333.5 billion in 2017, led by China where investment in all clean energy technologies increased to $132.6 billion, up 24 per cent from 2016.
Indian Oil Corporation (IOC), the country’s largest fuel retailer, has signed Letters of Intent (LoI) with Phinergy, an Israeli start-up company, and YEDA, a technology company from Weizmann Research Institute, Israel, the company said in a statement on Tuesday.
The dry and arid western region of Rajasthan with perhaps several backward districts, such as Barmer, is set to see an investment of over Rs 1 lakh crore by private companies and PSUs in the oil and gas sector.
A month ahead of the investors meet in UP, the state government on Monday offered yet another sop to industries by giving them the option to take power from the power distribution company of their choice.