State-owned Hindustan Petroleum Corporation (HPCL) has joined the Indian consortium negotiating buying a 49 per cent stake in Russia’s Vankor Cluster oil fields in the Arctic region.
The Petroleum and Explosives Safety Organisation (PESO) on Thursday urged oil companies to instruct all petrol pump dealers not to entertain vehicles of firms catering to home delivery of fuel, including petrol and diesel.
Petronet LNG Ltd, India’s biggest importer of liquid gas, is in talks to buy 25 per cent stake in Gujarat State Petroleum Corporation’s (GSPC) almost- complete Rs 4,500-crore Mundra LNG import terminal in Gujarat.
Will minimise road transport of bulk LPG, improve safety
Indian Oil Corporation’s upcoming LPG Import Terminal at Puthuvypeen, Kochi, will significantly help reduce the backlog for LPG cylinder supply in Kerala, which is currently at about 15 days.
Petroleum Ministry direct oil PSUs to pay Rs 200 crore for building 182-metre tall statue of Sardar Vallabhbhai Patel
In order to build a 182-metre-tall statue of Sardar Ballabhbhai Patel at the Sadhu Bet island, the Petroleum Ministry has instructed oil and gas Public Sector Undertakings (PSUs) to pay at least Rs 200 cr.
Sanjiv Singh has taken over as Chairman of Indian Oil Corporation (IndianOil) with effect from 1st June 2017. Prior to his elevation, he was Director (Refineries) on the IndianOil Board since July 2014.
Indian Oil Corporation is holding talks with stakeholders on the merger of its subsidiary Chennai Petroleum Corporation Ltd, as standalone projects are not viable under prevailing market conditions, a top company official said.
Nepal Oil Corporation (NOC) and Indian Oil Corporation (IOC) will be exploring the possibility of operating gasoline stations and gas plants in Nepal as a joint venture.
Petrol pump woes: Fuel pump owners to observe ‘No purchase’ day on May 10, to work in single shifts from May 15
After holding protests for a ‘weekly off’ every Sunday earlier this month, the petrol pump owners have announced an indefinite agitation this week as their long-pending demands have not been fulfilled
The Indian Oil Corporation will set up a Rs 600-crore plant for the production of second generation ethanol in Haryana.