Refinery

Showing of 1 - 20 from 38 results
Refinery - Total results - 38
Coronavirus Pandemic: RIL chairman Mukesh Ambani to forego salary, board members to take pay cut
Business

Coronavirus Pandemic: RIL chairman Mukesh Ambani to forego salary, board members to take pay cut

Reliance Industries chairman Mukesh Ambani will forego his salary in the wake of the coronavirus pandemic that has gripped the nation and forced a lockdown in the country until 3 May

Coronavirus Outbreak: IOC declares force majeure on oil purchases from Saudi, UAE, Iraq, Kuwait
Business

Coronavirus Outbreak: IOC declares force majeure on oil purchases from Saudi, UAE, Iraq, Kuwait

India's top oil firm IOC has declared force majeure on crude purchases from four of its biggest suppliers - Saudi Arabia, Iraq, UAE and Kuwait - as refinery run rates have been cut down in view of plummeting fuel demand following a nationwide lockdown

IOC to invest Rs 2 lakh cr to expand refining, petrochem capacities to maintain leadership position
Business

IOC to invest Rs 2 lakh cr to expand refining, petrochem capacities to maintain leadership position

The country's biggest oil firm Indian Oil Corporation (IOC) will invest Rs 2 lakh crore in next 5-7 years to expand refining and petrochemical capacities in order to maintain a leadership position, its Chairman Sanjiv Singh said

IOC Q1 net profit slumps 47% to Rs 3,737 cr on lower refinery margins, inventory gains
Business

IOC Q1 net profit slumps 47% to Rs 3,737 cr on lower refinery margins, inventory gains

State-owned Indian Oil Corporation (IOC) on Wednesday reported a 47 percent drop in its first-quarter net profit due to fall in refinery margins and inventory gains

Maharashtra likely to move planned $44 bn Saudi Aramco refinery to Ratnagiri: Report
Business

Maharashtra likely to move planned $44 bn Saudi Aramco refinery to Ratnagiri: Report

Opposition from farmers has prompted Maharashtra to move the location for what would be the country's biggest oil refinery

Saudi Aramco in talks with Reliance Industries for joint investment in petrochemicals, refinery projects
Business

Saudi Aramco in talks with Reliance Industries for joint investment in petrochemicals, refinery projects

Saudi Aramco, the world's largest oil exporter, on Wednesday said it is in talks with Reliance Industries and other Indian companies for investing in petrochemicals and refinery projects in the country

Reliance Industries, Saudi Arabia in talks for refinery, petrochem project says oil minister Khalid al-Falih
Business

Reliance Industries, Saudi Arabia in talks for refinery, petrochem project says oil minister Khalid al-Falih

Saudi Arabia is keen to get a foothold in the world's fastest-growing fuel market so as to get a captive customer for crude oil it produces.

Abu Dhabi oil giant signs pact to take stake in $44 bn Ratnagiri refinery project
Business

Abu Dhabi oil giant signs pact to take stake in $44 bn Ratnagiri refinery project

ADNOC joins Saudi Aramco, the world's largest oil producer, in the project which is planned to come on stream by 2025

Saudi Aramco picks up 50% stake in planned $44-bn oil refinery in Maharashtra
Business

Saudi Aramco picks up 50% stake in planned $44-bn oil refinery in Maharashtra

State-owned IOC, BPCL and HPCL will hold the remaining 50 percent stake in the project

Govt prepared to grant Aramco 50% stake in west coast refinery; deal to be announced soon, say sources
Business

Govt prepared to grant Aramco 50% stake in west coast refinery; deal to be announced soon, say sources

Aramco, the world’s biggest oil producer is moving to invest in refineries overseas to help lock in demand for its crude, and expand its market share ahead of an initial public offering next year.

At Bengal investment summit, Adani group pledges Rs 750 cr to double capacity of edible oil refinery in state
Business

At Bengal investment summit, Adani group pledges Rs 750 cr to double capacity of edible oil refinery in state

In power sector, Adani group said, they are keen in offering their expertise in transmission and renewable energy.

OPEC should go for 'responsible pricing', consider India as preferred sales destination, says Pradhan
Business

OPEC should go for 'responsible pricing', consider India as preferred sales destination, says Pradhan

India sources about 86 percent of crude oil, 75 percent of natural gas and 95 percent of LPG from OPEC member countries.

Indian Oil Corp board clears Rs 27,000 cr refinery of its unit Chennai Petroleum
Business

Indian Oil Corp board clears Rs 27,000 cr refinery of its unit Chennai Petroleum

The Board of Directors of Chennai Petroleum had in April this year recommended setting up a new 9 million tonnes a year refinery at an estimated cost of Rs 27,460 crore

India to OPEC: Oil ministry calls for responsible pricing, cut subsidies among producers
World

India to OPEC: Oil ministry calls for responsible pricing, cut subsidies among producers

Reiterating New Delhi's decade-old demand, Oil Minister Dharmendra Pradhan said OPEC should work towards "responsible price", which would allow major consuming countries to provide energy to the common people

Reliance Industries' Q3 net rises 3.6% to Rs 7,506 cr on strong global demand for transportation fuels
Business

Reliance Industries' Q3 net rises 3.6% to Rs 7,506 cr on strong global demand for transportation fuels

Net profit of Rs 7,506 crore, or Rs 25.4 a share, in October-December, was 3.6 percent higher than Rs 7,245 crore, or Rs 24.5 per share, in the same period a year back

IOC announces Rs 1.80 trillion investment plan in next 6 years
Business

IOC announces Rs 1.80 trillion investment plan in next 6 years

It has also earmarked sums for investments in petrochemicals and natural gas.

Core sector output hits 5-month low in May at 2.8%
Business

Core sector output hits 5-month low in May at 2.8%

The output expanded 5.5 percent from a year ago between April and May

Goldman Sachs expects crude prices to drop to $40 a barrel in near-term
Business

Goldman Sachs expects crude prices to drop to $40 a barrel in near-term

Oil prices rose by almost a third between January and February on the back of supply disruptions in the Middle East, strong winter demand and high refinery margins. That followed a rout that had seen price falls of around 60 percent between June 2014 and January 2015.

RIL profits to bounce back once expansion project is completed: Analysts
Business

RIL profits to bounce back once expansion project is completed: Analysts

RIL which reported its first decline in quarterly net profit in over two years, is likely to see upside when its $16 billion expansion projects are completed and telecom venture is rolled out, analysts said.