A Patna court on Tuesday vacated the interim stay on execution of a Bharat Petroleum Corporation Limited (BPCL) order, terminating the petrol pump licence of Bihar health minister and elder son of RJD chief Lalu Prasad.
Bharat Petroleum Corporation chairman D Rajkumar today exuded confidence that the proposed Rs 2-trillion mega refinery in the ecologically sensitive Konkan belt will get green nod and hopes to complete the world’s largest refinery complex in four years.
Union Petroleum Minister Dharmendra Pradhan on Monday said public sector oil companies have decided to set up an integrated refinery-cum-petrochemical complex with a refining capacity of 60 million metric tonnes per annum (mmtpa) at an estimated cost of Rs 2.70 lakh crore at Babulwadi in Maharashtra.
Bharat Petroleum Corporation Chairman D Rajkumar today exuded confidence that the proposed Rs 2-lakh crore mega refinery in the ecologically sensitive Konkan belt will get green nod and hopes to complete the world’s largest refinery complex in four years.
The world’s biggest oil refinery -cum-petrochemical complex planned in Ratnagiri district of Maharashtra will cost Rs 2.7 lakh crore and take 60 months to build, Oil Minister Dharmendra Pradhan said today.
India’s reliance on Middle East oil imports shrunk in June to the smallest since October 2015 as the world’s third-biggest importer tapped other sources amid Opec supply cuts, ship tracking data from industry sources and data available on Thomson Reuters Eikon showed.
The Cabinet is likely to consider this month sale of government’s 51 per cent stake in Hindustan Petroleum Corp Ltd (HPCL) to Oil and Natural Gas Corp (ONGC) for over Rs 26,000 crore.
THE ‘no-purchase’ agitation called by the Pune Petroleum Dealers Association and the All India Petrol Dealers Association (AIPDA) received a partial response in Maharashtra
Indian companies have stepped up purchases of high-sulphur crude oil from the Middle East and Russia in the spot market to feed demand from expanded refining capacity, trade sources said.
State-owned Hindustan Petroleum Corporation has joined the Indian consortium negotiating buying a 49% stake in Russia’s Vankor Cluster oilfields, PTI reported on Monday.