India has rejected Russia’s offer of stake in five more oilfields in the Vankor Cluster in Siberia as it doesn’t want to concentrate its upstream investments in just one country, people with direct knowledge of the negotiations said.
Six central oil & gas PSUs, viz., IndianOil, ONGC, BPCL, HPCL, GAIL and OIL, under the administrative control of the Ministry of Petroleum & Natural Gas, have contributed Rs. 15 crore to the Flood Relief Fund of the Chief Minister of Bihar to aid the flood-affected people of the State.
Mindful of threat posed by electric vehicles and renewable to the oil demand in future, India’s state-owned refiners are investing big time into petrochemical projects.
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.
IndianOil has bagged the World Petroleum Congress (WPC) Excellence Award for its innovative and ground-breaking INDMAX technology at the recently concluded 22nd edition of the WPC I n Istanbul, Turkey
World’s First Refinery Off Gas-to-Bioethanol Production Facility in India
Indian Oil Corporation Limited (IndianOil), India’s flagship national oil company and, LanzaTech, carbon recycling company, have signed a Statement of Intent to construct the world’s first refinery off gas-to-bioethanol production facility in India.
The NDA government is likely to announce the launch of Ujjwala Plus, which is meant to increase the coverage of its scheme for free LPG connection to the poor on the upcoming Independence Day.
State-run IndianOil on Monday said that it will impart “extensive training” to its dealers for a smooth roll-out of the daily price revision mechanism for petrol and diesel products.
India’s largest oil refining and marketing company-Indian Oil Corporation (IndianOil) on Thursday announced an 85% increase in its net profit to rs 3721 crore.
In a major boost to the stalled prime infrastructure project of IndianOil in Kerala, the National Green Tribunal has reconfirmed its order dated August 2