Reliance earned $ 11.5 on turning every barrel of crude oil into fuel as compared to a gross refining margin of $10.8 per barrel in fourth quarter of previous 2015-16 fiscal.
India is aiming to cut its oil products imports to zero as it turns to alternative fuels such as methanol in its transport sector, a government official said at an investor briefing on Monday.
Sudan has denied India’s Oil and Natural Gas CorporationBSE 0.89 % an extension of licence to operate an oil block after the initial contract expired in November 2016
India toppled Japan as the world’s second-largest importer of liquefied petroleum gas as Prime Minister Narendra Modi’s pledge to provide cooking gas
Workers’s of Sri Lanka’s state-run petroleum firm are set to launch an indefinite strike from tomorrow against the government’s proposed deal with India to jointly operate an oil storage facility at the strategic eastern port town of Trincomalee.
Oil-to-telecom conglomerate Reliance Industries (RIL) is likely to report over 5 per cent year-on-year growth in net profit for the quarter ended March 31, 2017.
After settling the long-drawn dispute with the West Bengal government over the shareholding pattern in its flagship project, Haldia Petrochemicals Ltd (HPL), Purnendu Chatterjee-owned The Chatterjee Group (TCG) has started consolidating itself in the state, making Haldia, a port city in West Bengal its stronghold in the country.
State-run refiners Indian Oil Corp. Ltd, Bharat Petroleum Corp. Ltd and Hindustan Petroleum Corp. Ltd will invest in Jammu and Kashmir on new LPG bottling plants and retail networks, oil minister Dharmendra Pradhan and chief minister Mehbooba Mufti decided at a meeting in Srinagar on Saturday, an official statement said.
India and Indonesia have agreed to explore cooperation in areas like oil, coal, electricity and energy efficiency, power minister Piyush Goyal said.
Minister of State (I/C) for Petroleum and Natural Gas, Shri Dharmendra Pradhan met the Chief Minister, Jammu and Kashmir, Ms. Mehbooba Mufti in Srinagar