A province governed by India’s Prime Minister Narendra Modi for 13 years is impeding his plans to promote clean energy.
State-owned Indian Oil Corp. Ltd is set to invest heavily in logistics that will see the bulk of its petroleum product transport go off roads and railway lines into long-distance pipelines.
State-run Bharat Petroleum Corp. Ltd (BPCL) plans to set up a petrochemicals unit at its Bina refinery in Madhya Pradesh as part of its Rs25,000-crore expansion plan for the refinery
Lower oil prices and the scrapping of fuel subsidies have allowed India’s biggest energy companies to slash borrowings to the lowest in at least eight years.
Metals and mining conglomerate Vedanta will invest USD 10 billion in 3-4 years on expanding business across verticals, company’s Chairman Anil Agarwal said.
The Modi government’s plans to strengthen Central Public Sector Enterprises (CPSEs) through consolidation, mergers, and acquisitions got a huge positive response from the stock market participants.
OPEC could extend its oil supply-reduction pact with non-members or even apply deeper cuts from July if global crude inventories fail to drop to a targeted level
Indian Oil Corporation (IOC) has principally agreed to provide single-point loading facility of liquefied petroleum gas (LPG) to Nepal from Muzaffarpur once it extends its LPG pipeline to the said location.
The Indian Oil Corporation (IOC) has agreed in principle to provide technical support to the Nepal Oil Corporation (NOC) for building petroleum storage plants in all seven provinces.
India’s 2017 naphtha exports are expected to fall, after the volumes rose for the first time in five years in 2016, and this would prove untimely for buyers who are already hit by tighter supplies.