Indian Oil Corp, the country’s top refiner, has raised crude processing at its plants to 60 percent capacity and aims to reach 80 percent by the end of this month, it said in a statement on Monday
Indian refiners plan to wind down Venezuelan oil purchases in April fearing the future US sanctions: Report
Nayara Energy, partially owned by Rosneft, is planning to stop processing Venezuelan oil at its refineries after receiving two cargoes that are scheduled for loading in March, two of the sources said.
BPCL privatisation: Russia's Rosneft keen to bid for state-owned refinery; meets with Oil Minister Dharmendra Pradhan
As on 31 March, BPCL reported cash and cash equivalents of around Rs 5,300 crore, against Rs 10,900 crore of debt maturing over the next 15 months.
Reliance Industries, BP sign pact to set up petrol pumps under Jio-BP brand; joint venture likely to be formed by mid of 2020
BP had in 2011 bought 30 percent stake in 21 oil and gas exploration and production blocks of Reliance for $7.2 billion.
India's new liberalised petrol pump norms require licensees to set up a minimum of 100 outlets with at least 5 percent of them in remote areas
Govt opens up fuel retailing; allows non-oil companies to set up petrol pumps to increase competition
The government on Wednesday opened up fuel retailing norms, allowing non-oil companies to set up petrol pumps to increase competition
The Oil Ministry had last month set up a five-member expert committee to recommend easing of fuel retailing licensing rules.
Last week, the Committee of Essar Steel Creditors picked world's largest steelmaker ArcelorMittal's Rs 42,000 crore takeover offer over the company promoter's Rs 54,389 crore proposal to pay off all of the lenders' dues.
Dharmendra Pradhan says two Indian companies to buy Iranian oil in November, unsure about waiver from US sanctions
Oil minister Dharmendra Pradhan said two state refiners have placed orders for importing crude oil from Iran in November, the month when US sanctions on Iranian oil purchases take effect.
Fuel price cut: Private retailer Nayara Energy joins state-owned oil companies in subsidising petrol, diesel
India's biggest private fuel retailer Nayara Energy, formerly known as Essar Oil, will join state-owned oil companies in subsidising petrol and diesel by Re 1 per litre, its chief executive B Anand said on Friday.
India should reduce or stop crude oil import from Iran, increase dependence on Saudi Arabia, Iraq: Moody's
Indian refiners will either have to significantly reduce or completely stop importing crude oil from Iran over the next month, increasing their dependence on other West Asian suppliers like Saudi Arabia and Iraq, Moody's Investors Service said.
SBI to stop handling Iran oil payments after US sanctions; Indian Oil says fuel supply to get hit from end of August
Such a move from SBI comes after US President Donald Trump pulled out of an international nuclear deal with Iran on 8 May
Rosneft-owned Essar Oil to be rename Nayara Energy; aims to scale up petrol pump network to 6,000 outlets
Rosneft and its partners completed the $12.9-billion acquisition of Essar Oil last August to enter the world's fastest-growing energy market