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India asks refiners to cut Iran oil imports ahead of Obama visit: sources

Jan 22, 2015

India asks refiners to cut Iran oil imports ahead of Obama visit: sources

India has raised its crude shipments from Iran around 40 percent over the first nine months of the current fiscal year, when as part of the temporary deal that eased some sanctions on Tehran it was meant to hold them steady. #India #Barack Obama #crude oil #NewsTracker #Oil Ministry #Indian Oil #Iran #Essar Oil #Mangalore Refinery and Petrochemicals Ltd #Obama visit
Oil retailers to open 35,600 new outlets in next three years

Jan 20, 2015

Oil retailers to open 35,600 new outlets in next three years

The country has 51,870 petrol pumps with Indian Oil Corp (IOC) being the market leader with 23,993 outlets, followed by Hindustan Petroleum Corp Ltd (HPCL) with 12,869 pumps and Bharat Petroleum Corp Ltd (BPCL) with 12,123 outlets. #ThisisNext #Reliance Industries #Indian Oil #LPG #Hindustan Petroleum #Oil marketing companies #Bharat Petroleum #CNG #Shell #Essar Oil #Petrol Pumps
Govt hikes excise duty on petrol, diesel; fourth raise in excise duty since November

Jan 16, 2015

Govt hikes excise duty on petrol, diesel; fourth raise in excise duty since November

A finance ministry notification said excise duty on unbranded petrol is being hiked to Rs 8.95 per litre and that on unbranded diesel to Rs 7.96 per litre. #Economy #finance ministry #NewsTracker #Petrol #Indian Oil #Diesel #excise duty #Dharmendra Pradhan
Shell, GDF to take 26% stake each in GAIL LNG terminal

Jan 15, 2015

Shell, GDF to take 26% stake each in GAIL LNG terminal

Shell had in 2013 announced plans to build a floating LNG terminal of up to 5 million tonnes per annum capacity off Kakinada coast in a joint venture with Anil Ambani-led Reliance Group's Reliance Power. #Business #NewsTracker #Indian Oil #Reliance Power #Royal Dutch Shell #GAIL India #GDF Suez #Andhra Pradesh Gas Distribution Corp.
IOC to start land acquisition for expansion of Gujarat facility

Dec 26, 2014

IOC to start land acquisition for expansion of Gujarat facility

IOC executive director SK Dhar Gupta said the process will start and they have received directives from the Gujarat government to purchase private land. #Business #NewsTracker #Indian Oil #Vadodara #Gujarat Refinery #SK Dhar Gupta

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Memo to Sebi: Is govt licensed to rob minority investors?

Sep 26, 2011

Memo to Sebi: Is govt licensed to rob minority investors?

If a private group were to happily transfer money from one company to another Sebi would pounce on them. Why isn't it doing so with government companies? #ONGC #Indian Oil #GAIL #Thats Just Wrong #BPCL #HPCL #Oil India