Hindustan Petroleum Corp Ltd (HPCL) will become India’s third largest oil refiner after state-owned ONGC acquires government’s entire 51.11% stake, oil minister Dharmendra Pradhan said on Monday.
Natural gas production during June 2017 was 6.05 per cent higher than production during June 2016. According to an official statement from the Ministry of Petroleum and Natural Gas, India’s gas production during June 2017 stood at 2,755.48 MMSCM.
The country’s crude oil output rose 0.24 per cent and natural gas production was up 4.04 per cent in the June quarter of 2017 due to a push from state-run companies like Oil and Natural Gas Corporation (ONGC) and Oil India (OIL).
Essar Projects India Ltd. (EPIL), a leading EPC contractor, today announced the successful testing and commissioning of the Coke Drum Structure Package (CDSP) for Bharat Petroleum Corporation Limited’s Kochi Refinery (BPCL-KR). The contract value of this package is Rs. 645 crores.
The Rajasthan police have arrested 31 persons and claimed to have busted an inter—state syndicate that allegedly stole crude oil worth crores of rupees from Cairn India’s oilfield in Barmer over the past several years.
Oil prices gained on Monday after a steep fall the session before, buoyed by expectations that a joint OPEC and non-OPEC meeting later in the day may address rising output in Nigeria and Libya, two OPEC members so far exempt from a push to cut production.
India has launched its first petroleum Research & Development (R&D) facility for testing high-end BS-VI quality fuel emissions, according to an official here.
Under the dynamic pricing scheme, petrol and diesel prices are revised on a daily basis in sync with global crude oil prices.
The Rajasthan police have arrested 31 persons and claimed to have busted an inter-state syndicate that allegedly stole crude oil worth crores of rupees from Cairn India’s oilfield in Barmer over the past several years.
State-owned Engineers India’s (EIL) Rs 658.80 crore share buyback will open on July 25 and close on August 7.
