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.
Reliance Industries and BP Plc’s $6-billion investment announcement on Thursday was prompted by the rare opportunity to develop their gas fields at rock-bottom costs and sell the output at market rates
India will flex its market muscle to secure better terms from Opec when ministers from the cartel of oil exporting countries
Reliance Industries will sell the natural gas it produces from coal seams in Madhya Pradesh to its own units in Gujarat and Maharashtra at USD 4.23 per million British thermal units.
Will help save forests; offer durable, waterproof and recycable raw material
Reliance Industries Ltd (RIL) announced on Wednesday that it has entered into a license agreement with Resysta International GmbH (Resysta) which gives RIL exclusive rights of production and marketing of RelWood™, a Natural Fiber Polymer Composite (NFPC), in India.
Reliance earned $ 11.5 on turning every barrel of crude oil into fuel as compared to a gross refining margin of $10.8 per barrel in fourth quarter of previous 2015-16 fiscal.
Oil-to-telecom conglomerate Reliance Industries (RIL) is likely to report over 5 per cent year-on-year growth in net profit for the quarter ended March 31, 2017.
For Mukesh Ambani’s Reliance Industries (RIL), the March-ended quarter might prove sequentially better, on the back of refining and petrochemical segment performance, analysts say.
Falling margins may hurt oil refiners while a rise in crude prices is expected to help oil and gas explorers post better earnings in the January-March quarter of the financial year 2016-17.
Reliance Industries (RIL) has received environment clearance for expansion and debottlenecking of its Dahej petrochemical facility in Gujarat at a cost of Rs 13,250 crore