Beginning May 14, fuel outlets in eight states will be shut every Sunday following Prime Minister Narendra Modi’s call to conserve oil, a fuel pump owners’ body said here today.
Investment worth Rs 70K crore expected in Petroleum and Petrochemical Sector in Rajasthan, Dharmendra Pradhan
Minister Pradhan said about Rs 43000 crore will be in invested in the refinery to be set up in Pachpadra in Barmer district while Rs 27000 crore will be invested in the oil fields of Cairn Energy.
Investment worth Rs. 70,000 crore is expected in the coming four years in Rajastha’a Petroleum and Petro Chemical projects, union petroleum minister Dharmendra Pradhan said on Tuesday at a function in Jaipur.
Hindustan Petroleum Corporation Limited (HPCL), one of the biggest Navratna Public Sector oil Companies in India will be setting up a 9 MMTPA (Million Metric Tonnes Per Annum) capacity grass root Refinery cum Petrochemical Complex at Barmer, in Rajasthan in Joint venture with Government of Rajasthan (GOR). This estimated cost of the project is Rs.43,129 crore.
Hindustan Petroleum Corporation Ltd (HPCL) and Government of Rajasthan have signed a revised memorandum of understanding (MOU) for HPCL’s proposed 9 million metric tonnes per annum (MMTPA) grass root refinery in the state, paving the way for the resumption of project, which was first announced four years ago.
Opec is finally making some headway in its race against the tide of surging US supplies, and speculators are giving the group greater credence
Crude Oil prices have been trending strongly higher through most of April as the commodity was buoyed by the ongoing OPEC production cuts, as well as plenty of geo-political risk. Subsequently
Oil prices extended gains for a third straight week on geo-political tensions coupled with slightly supportive Opec and IEA monthly reports.
Cairn India Limited along with its partners is set to invest Rs 3,240 crore in the Ravva Fields in the Krishna-Godavari Basin, to undertake 20 Developmental Wells
Opec is finally making some headway in its race against the tide of surging US supplies, and speculators are giving the group greater credence. Hedge funds boosted bets on higher West Texas Intermediate crude prices a second week as futures topped $53 a barrel for the first time in a month, US Commodity Futures Trading […]
The much-awaited Rs 42,000-crore Barmer refinery in Rajasthan by state-run Hindustan Petroleum Corporation Ltd (HPCL) may get a fresh lease, as the ministry of petroleum and natural gas may sign a fresh memorandum of understanding with the Rajasthan government this week with revised fiscal package for the project.