Indian state-refiner Bharat Petroleum Corp is re-attempting to charter a ship to load 700,000 barrels of Russia’s Sokol crude oil this month, sources familiar with the deal said. Indian state-refiner […]
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No CNG supply hampers Industrial Production
Maintenance and repair work of the CNG gas pipeline which is scheduled from 27th November to 3rd December has halted the industrial production in many units situated in Tarapur MIDC. CNG gas is supplied in Tarapur […]
Banks, insurers to hold 50% in IOC-CPCL JV unit
Three life insurers and two banks are set to pick up 50% stake in the proposed joint venture by Indian Oil (IOC) and Chennai Petroleum (CPCL). The new entity will […]
Indian refiners stand to gain as Brent crude price falls below USD 85 per bbl
Gaurav Moda, India Energy Leader, EY, said falling and consistent crude prices are always good news for India, given the country continues to import nearly 80% of its oil requirements. NEW DELHI: […]
ICICI Bank to acquire 10% stake in 9MMTPA refinery JV of IOCL and CPCL
ICICI Bank has entered into an agreement dated 23 November 2022 in relation to an initial investment of Rs 50,000 in the seed equity capital of the proposed Joint Venture (JV) […]