IOC-BPRL wins oil block in Abu Dhabi

IOC-BPRL wins oil block in Abu Dhabi

State-owned Indian Oil Corporation (IOC) Monday said it along with its partner Bharat PetroResources Ltd (BPRL) has won an oil block in Abu Dhabi, where the two will invest USD 170 million. IOC-BPRL won the block in Abu Dhabi’s first-ever competitive bid round.

India To Get Over 65% Of Abu Dhabi’s Crude Barrels In Mangalore Storage

India To Get Over 65% Of Abu Dhabi’s Crude Barrels In Mangalore Storage

India will have the right over 65 per cent of 6 million barrels of crude oil that Abu Dhabi National Oil Company (ADNOC) will store at the country’s maiden strategic storage at Mangalore. ADNOC will send three large ships carrying crude oil beginning April to fill half of the 1.5 million tonnes strategic oil reserves that India has built at Mangalore, a senior government official said. Out of […]

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